U.S.-China relations at a pivotal moment

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	U.S.-China relations at a pivotal moment

woodson

8-2-2009 2:29 PM

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woodson says:

The decade where Americans bought Chinese goods like crazy heavily financed by China itself collapsed

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2bbcfbef-2188-4046-a2a1-d12b5ef7d3fc/293AB60B-0C17-400C-9EFF-9932103A3E90/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html" href="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html" style="font-size: 11px;">seattletimes.nwsource.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html"><H1>U.S.-China relations at a pivotal moment for both countries</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html">The decade where Americans bought Chinese goods like crazy heavily financed by China itself collapsed. Chinese exports are down more than 20 percent </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html">China owns $1.5 trillion in U.S. Treasury debt and holds an additional $2.2 trillion in dollar reserves.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html"><P>In much of the U.S., China's vast global economic expansion since 2000 had produced net losers. The Midwest, which has lost millions of manufacturing jobs, is a vivid example.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html"><P>China has for some time been moving beyond merely being a low-cost exporter. Its research capacity is growing fast. It is using its economic clout to build relationships in Africa and Latin America, as well as lock up oil supplies.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html">Chinese GDP grew by 7.1 percent in the first half of this year. Yet that's down from 10.4 percent growth in the same period last year.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009584289_biztaltoncol02.html">China has declared renewable energy a strategic industry, one it is using protectionist measures to build into what leaders hope will be dominant.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/293AB60B-0C17-400C-9EFF-9932103A3E90/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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