July 4th, 2011
11:17 PM GMT
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(CNN) – Oh say can you see…the end of American independence?

This Fourth of July, the United States celebrates its 235th year of freedom from British rule. That’s emancipated us from yeasty marmite, pesky ‘u’s in our ‘neighbors’ and from having to ask God to “save the Queen”.

Phew. Yes, today we celebrate our independence from Britain.

But we do that by underlining our growing dependence on another country – China. And with our most patriotic of Americana for the day – fireworks and flags.

Nearly 97% of U.S. money for firework imports popped up in China last year, according to U.S. trade statistics. The hard numbers: we paid nearly $200 million for all of our skyrockets, Roman candles, sparklers and other pyrotechnics. More than $190 million of that went to the Middle Kingdom.

As for the Stars and Stripes, about 88% of our money for American flag imports billowed over to China in 2010.  U.S. foreign trade statistics show that the U.S. imported $3.2 million worth of flags, and $2.8 million of that went to our top trade partner.

But fireworks and flags, as dazzling or inspiring they may be, are just small examples of a trend that we know has been happening: growing American reliance on Chinese imports and a widening trade gap.

The U.S. China-Business Council’s website highlights America’s burgeoning trade imbalance over the last decade. In 2001, the U.S. ran up a deficit with China of $83 billion. By 2010 however, that number had more than tripled to $273 billion – the largest trade imbalance the U.S. has ever had with a single country.

So as the U.S. suffers from a trade deficit, how does China enjoy its trade excess?

Well, a good deal of that money is found in its domestic infrastructure projects. As an old China hand, I can tell you that around the country China is building out everything from its national road network and subway systems, to its airports, trains and bridges.

According to Caixin, China currently has about 175 airports across the country. By 2013, it aims to push that number up to 230. That’s like building a brand-new airport in each U.S. state in the next year and a half.

China spent $34 billion on its new high-speed rail line linking Beijing and Shanghai. It just opened on June 30 shunting passengers 1,318 kilometers in just under five hours.

And more than $1.5 billion was floated to build the world’s longest bridge in Qingdao, China. That opened on July 1 and spans 41.58 kilometers.

Yes, indeed, China does have cash flow.

Pretty soon, Beijing will be helping us to build our own bridges. Oh wait…it already does. This month the last segments of the new San Francisco cross-bay bridge to Oakland will be shipped from Shanghai. Scheduled for completion by 2013, projects like these just might be a harbinger of things to come: a China that’s moved on from making our flags and fireworks to our major bridges and buildings.

Critics will ask if that’s something to be proud of.  I’ll suggest we just happily wave our American flags and light our celebratory fireworks.

And for the evening, try not to think about where they were made.



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soundoff (132 Responses)
  1. Peter

    Well China did invent fireworks so not too surprising

    July 5, 2011 at 12:34 am |
  2. reiner

    Sound ridicularsly like all China's miiracles in last 30 years are made by the imbalanced trade with USA, while writor forgot China lent the hell of its foreign reserve to the war monger. Even it were true, why dont Americans sew the Nike shoes by themselves?

    July 5, 2011 at 12:39 am |
  3. Andrei

    If US companies would invest the trillion plus dollars in cash they have been hording over the last few years in the US, the dependence on China would become a memory.

    July 5, 2011 at 1:57 am |
  4. nunzo

    Well said.

    July 5, 2011 at 1:57 am |
  5. WAMD

    Not too surprising. Chinese workers built our railroads in the 19th Century. It will be interesting to see how much power the Chinese can project either economically or miltarily when their population reaches 2 Billion, with 75% in abject poverty and without the means to feed itself. Enjoy your time in the sun, O son of heaven!

    July 5, 2011 at 1:58 am |
  6. Tommy

    Quite possibly the dumbest piece I've read on CNN in a long time.

    July 5, 2011 at 2:06 am |
  7. Josh

    Maybe you should build all the stuff you need by yourself. You get to see the irony. The poor lend money to the rich. Now the rich wants to default. The poor works 12 hours a day, 6 or 7 days a week for less than 40 USD. Yes, it is time to put an end to this situation.

    July 5, 2011 at 2:07 am |
  8. Simon

    I suggest we affect a solution by trying corporations for treason.

    July 5, 2011 at 2:10 am |
  9. start

    but high technology goods are forbidden to export to china,so whom you can plaint to.

    July 5, 2011 at 2:12 am |
  10. fumanchu

    welcome to the united states of china

    July 5, 2011 at 2:12 am |
  11. Jeff in Illinois

    Gee, you mean the commies may not be our buddies?

    July 5, 2011 at 2:13 am |
  12. buddybob

    Two thoughts:
    1. How far will this trend continue in scope?
    2. While China enjoys the huge export surplus, it suffers the huge costs on its environment as a world factory, no matter how hard it tries to protect the environment

    July 5, 2011 at 2:15 am |
  13. Jim

    Check list:

    USA: Democratic republic, Constitution, Bill of rights, net food exporter, rich in natural resources, developed infrastructure, most advanced military technology, durable goods made in China.

    China: Communist regime, no human rights, net food importer, not rich in natural resources, undeveloped infrastructure, trillions of dollars of debt which will never be repaid.

    Author, you need to rethink about who needs who and who in the end will have the last laugh.

    Happy indepedence day.

    July 5, 2011 at 2:15 am |
  14. Keksi

    Lol.

    July 5, 2011 at 2:15 am |
  15. DSK

    ...and ~60% of their airliners and 100% of their CPUs + OSs are from US...so? Welcome to GLOBALIZATION, the evil Chinese scheme to...oh, wait, that was our idea...oops!

    July 5, 2011 at 2:18 am |
  16. screamin' eagle

    I try to buy American when possible. I don't mind spending a little more to keep my money in my country. I wish others would consider the same.

    July 5, 2011 at 2:20 am |
  17. NewGB

    CNN, you are so racist. USA exports aeroplanes, computer chips, food, and a whole range of high value items to China. You don't hear Chinese media complaining about that , do you? KFC and McDonalds are popping up all over China, and the Chinese media don't complain and rant like CNN.

    July 5, 2011 at 2:24 am |
  18. Joko-Lee Suprianto

    It is another piece of media try to influence the American public with portrait of negative image on China. Very Shallow! It is purely political move. Are you telling me that China aren't buying any US product, what about the millions of GM/FORD cars found around in China, and hefty profit margin earn by US multinational companies as a result of investment in China? US job loss has nothing to do with China because it is entirely its domestically economic mismanagement. Those job loss are categorize as human intensive where labor cost play a big portion, to survive in competitive business world, you need to transfer the production line to other emergent nation. It is the trend in international trade, US is perfectly fine to pull out their supply chain out from China, but wait, their competitors are all in line for a piece of the Chinese market.

    July 5, 2011 at 2:24 am |
  19. Sid

    That is why I did not buy any fireworks this season. I have a US Flag that is made in the US. It is time when we put our foot down and stand firm.

    The worst thing I saw was a coozie that also served as an advertisement for a U.S. company. That particular company prides itself with "Proudly Made in the USA" and that message was plastered on the coozie. The most unfortunate part is that the coozie was made in China.

    So even our "Proudly Made in USA" banners are made in China. I say WTF?

    And I am an immigrant myself.

    July 5, 2011 at 2:29 am |
  20. hubbybuns

    If things are going like this, undoubtedly, the US will become China's another province in 100 years time. That's sad. It's time you American wake up and do something useful about it rather than questioning if your president is born in the US

    July 5, 2011 at 2:30 am |
  21. larry simpson

    for those interested, Chinese labor built most of our railroads,dams,bridges,roads,electric plants,and did most of our mining. so this story is nothing new

    July 5, 2011 at 2:31 am |
  22. Tom

    Wow, thanks Buzz Killington. you're like that guy at someone's birthday party that just says "you're one year closer to death"

    July 5, 2011 at 2:37 am |
  23. Larry

    Well, the Statue of Liberty was made in France, but it's still a symbol of everything American. And I guess we shouldn't eat any French Fries on Independence Day as well. Well, I had an English muffin for breakfast today and a Belgian waffle along with some Canadian bacon. I did have some American cheese on my sandwich for lunch, so at least that was patriotic.

    July 5, 2011 at 2:40 am |
  24. Chinaman003

    @Tommy: well, the u.s and a people will soon have to learn our language to survive (i'll give it 5 years top.)

    July 5, 2011 at 2:40 am |
  25. Mike

    Wake up! Only by admitting our weakness, could we rise again. China did the something right. They don't care about what we do. They silently build their strength over years. Rich people in China is almost 2/3 of US population. The rest has relatively low incomes but the "low income" get the best bang if they buy staff in China. There is no such thing in human's history that "rich borrow from poor". Admit it, we have no money, we have debt. We are poor. It is natural for a rich person to admit he is poor if he lost all his money all of sudden. China has tons of cold cash. The amount is so incredible that it is beyond normal person's understanding how much they own. That's probably another reason we are pring money like crazy now. It will hurt China in certain ways causing inflation. But this radical step will back fire sooner or later. We need to stop being blind and open eyes and reverse all this. Unfortunately so many people are simply blind.

    July 5, 2011 at 2:41 am |
  26. Pete4808

    We all know it but prefer to ignore the fact that we have been outsmart by the Chinese Thanks to the puppets / Warmongers in Washington DC. I hope some day in the near future a true Leader will have the guts to declare war on the real enemies of america....The lobbies of War and Big oil.

    July 5, 2011 at 2:45 am |
  27. Nancy

    Remember that China is a country with permanent policy of expanding their border. It is showing their muscle to engulf its smaller neighboring countries. It is redrawing its map to cover all South China sea. Next century, it will declare that USA is their motherland because their ancestors had been here before. Watch and see the greedy Chinese.

    July 5, 2011 at 2:53 am |
  28. djwazu

    http://www.nypost.com/p/news/local/got_it_made_in_america_zUP3YTllFreaBYJCg11GgN

    Hello hello hello hello hello hello hello!!!!!

    July 5, 2011 at 2:54 am |
  29. ArkMont

    Or you can put it this way: China, too, is dependent on U.S companies and American consumers. Without these two major factors China's economic engine will have a hard time running.

    July 5, 2011 at 2:54 am |
  30. Jim

    Exactly Larry Simpson, history is repeating itself. In the end USA will have infrastructure and durable goods made in China while China will be left with loans the USA which can never and will never be repaid. I am surprised CNN cannot understand why one would prefer to have real physical goods and infrastructure rather than worthless paper loans.

    July 5, 2011 at 2:56 am |
  31. libertarian mike

    I for one welcome or China overlords.

    July 5, 2011 at 2:57 am |
  32. Nancy

    The US government is impotent on this, but normal American can. Can American stop coming to Walmart? Restrain to buy items made in China. This firm will solve this problem in one year.

    July 5, 2011 at 2:59 am |
  33. Joe Somebody

    To all of you bashing China saying they make $50 a week and they're overpopulated and poor, you're not exactly correct. Sure they might make $50 a week but what can you buy for $50 a week in China? Things cost a fraction of what they cost here, so sure the Chinese might be making a 20th of what we make here but when things cost a 20th of what things cost here, it cancels itself out. And relative to its size, China really isn't that overpopulated. When you really think about it, there are so many regions in the US where there are 5 people over 500 miles worth of land. The US population relative to its size is extremely scattered.

    The Chinese have developed themselves FAR beyond what the US has done including their aforementioned high-speed railroads. The Chinese are being very smart and we're being foolish and they continue to have us by the balls. We're at their mercy and they will continue to be until we get our policies straightened out.

    July 5, 2011 at 2:59 am |
  34. WJ

    Why is there a latent Chinese anger? We should look closer at home. The Chinese are simply performing work according to awarded contracts. Awarded by whom? That's the question... There is one force greater than all others. Greed. Walmart employs 1.6 million workers at low salaries. It forces its suppliers to push pricing ever lower. Guess what? Main in the USA? Gotta be kidding! That's a virtual impossibility. We cannot blame anyone but ourselves because we GAVE China (and to some extent, India) the business in order to same a dime. You all want your cheap T-shirts, right? California is already broke. Of course we'll get the Chinese to build the bridges...because we couldn't dig up the cash to do it ourselves! We went from surplus to debt in just like that.

    July 5, 2011 at 2:59 am |
  35. Emigdio

    This is clearly the dumbest, most offensive page ever. If the Chinese does this again. We'll do to them what the Japanese did in Nanking.

    July 5, 2011 at 3:00 am |
  36. Kyle H. Davis

    reiner> It isn't ridiculous, it is true. China has directly manipulated the Yuan against the US dollar since it depreciated it in 1980, locked it to 8.25:$1, and kept it there for nearly 25 years. 50% of China's economic growth comes from foreign trade, and China's foreign trade is growing faster than its GDP for the past 25 years. – It doesn't take a rocket scientist to realize that this is the basis for China's economic growth. – Stagnation for 30 years since their founding, followed by 30 years of skyrocketing economic growth after devaluing the Yuan? It's pretty obvious.

    July 5, 2011 at 3:00 am |
  37. Bulldog

    Heard the same thing back in the 80's about the Japanese. "The Japanese will own america by 2000" What happened? Nothing. a lot of war/economic mongering by the press who are looking for a quick story. The fact of the matter is the Chinese will fall into the same trap the Japanese did in the 80's. They have an economy that is dictated to by the government. It is not a "natural" economy. Their gov't will eventually screw up and/or their population will get sick of their retoric LONG before America goes away.

    July 5, 2011 at 3:07 am |
  38. sos999

    American workers do little but demand too much. just wonder any business/company wants to hire a worker who wants to take a big bite of the company?

    July 5, 2011 at 3:09 am |
  39. Knowcomment

    No comment on this so-so article. FIreworks: made possible by the gunpowder invented by the Chinese, is the same materials that made our "rocket's red glare" possible. The same glare made Pacific invasions possible, Pearl Harbor possible, and then nuclear retaliation possible. Then, recovery one side, famine at the other, resentment, Communism, Cold War, Space Race, and launches the Space Shuttle one last time four days from now.

    July 5, 2011 at 3:11 am |
  40. Dante

    Well, we haven't outsourced our military. Brave men and women raise their right hands to serve.

    July 5, 2011 at 3:11 am |
  41. Nancy

    I am very conservative and vote for Republican almost all the times; but recently I have been very tired with Republican who follow Reagan's economics doctrine. It is a false theory. I have not seen any Republican program that can help to bring jobs back to America. They do not offer any constructive idea to the current President, but just try to bring him down so that they can cut tax for the rich like the former president did. The former president left with the largest deficit and the worse economics in history. But Republican still want to blindly continue on that road. I do not understand why they want to do that to the country. Do they just want to protect they wallets? It is very sad day for our country. Which President initiated to open up China? Is he President Nixon (Republican) who tried to trade Vietnam for a friendship with China?

    July 5, 2011 at 3:12 am |
  42. Konica

    Well, what is there to celebrate? We have a national debt of 14.5 trillon. We have between 14 – 20 miillion unemployed, we have 35-45 of all US mrtgasges under water, we have 95 % of all products imported from China and we are in 2-3 illigal wars and have spent 2-3 trillion of US dollars and lost 10000 Americans with about 50000 severly wounded who we do not take care for. Our Veterans are homeless, broke and on the street. So now sing if you can, but I am sick to my stomach.

    July 5, 2011 at 3:16 am |
  43. Mit. K

    Story is not new. But the picture is different today. Today we borrow money from them and give it back to them for buying products when our people are collecting doles for unemployment.. Our big wig corporations and billionair citizens do not see the writing on the wall. They continue to get tax payers money in billions and their politician friends are insisting on cutting the benefits of seniors, laying off workers and claiming to provide jobs with taxbreaks.
    The great believers in Capitalism are today trying to learn the lessons of alternative energy, fast rails and economics for higher growth rate from communist China. We are really having dependence day everyday. BRAVO !!!

    July 5, 2011 at 3:17 am |
  44. Kyle H. Davis

    Joko-Lee Suprianto> You cannot use the term "Competitive business world" in the same sentence as China. Well, you CAN, but you can't expect us to consider it seriously. – You brought up GM/Ford (You know right well that those cars are "joint venture" cars, produced in China) – Try giving me an example of a US produced product that is commonly purchased here in China. I'll wait and listen the wind whistles through the trees. – China has removed any form of competition by manipulating the value of the Yuan for 30 years. You can't COMPETE when China's Yuan is DIRECTLY linked to the US dollar. – China's whole economic system is based on the unfair trade practice of REMOVING competition. It isn't moving towards a more self reliant internal economy, to the contrary, it is increasing its position as a world producer and doing nothing but developing its trade sector.

    It is currently in the process of building an $8 billion RAILWAY, in Columbia, to compete with the Panama Canal – The only way in which this would be economically sound, is if the railway was running non-stop. It isn't done out of any form of economic competition, it is done to bypass canal tolls while preparing to boost its exports.

    Deng Xiaoping and Zhao Ziyang came up with the economic policies of the 1980's, and their ideas were sound, the only problem is... they are dead and nobody is continuing to develop them. "Let a few get rich" was a stepping stone to development, but the current leadership as turned it into a mantra, without any idea of how to use those riches for true development.

    China still can't clean its water, go through an Agricultural Revolution, reform its education system, upgrade its healthcare, update its basic utilities, set up controls on food safety, police its own individuals in day-to-day legal issues (such as traffic laws), and It is still is dependent on COAL as its major source of power. It's like watching an episode of the "Beverly Hillbillies".

    And using the old "China has 1.3 billion people" excuse is simply a smoke screen to excuse developmental stupidity. China ranks about 75th in terms of population density... Hong Kong, Taiwan, Macau, Japan, Germany, South Korea... these places are far more densely populated as China, and were just as much (if not more) ravaged by WWII, and look at how well they have done.

    China needs an INTERNAL economic revolution, and a SOCIAL revolution.

    July 5, 2011 at 3:22 am |
  45. Tommy

    Be not naive about China. Remember that China has nuclear bombs. Chinese economics policy is this: China is a big tree and all Chinese outside China are the system of the that big tree. This root system will extract the nutrient to feed the big tree. Notice that everywhere in the world has smoke, some Chinese are around there. Just look around and observe!

    July 5, 2011 at 3:22 am |
  46. roland

    You need to understand economics. US. spending on infrastructure reduces cost for manufacturer becasue it goes directly to the consumer. China investing in infrastructure is pointess because they don't have any consumers. You still have to ship it to export. Unless their buliding a bullet train across the pacific ocean its only a way to funnel money money to make it look like the economy is growing.

    July 5, 2011 at 3:27 am |
  47. Kyle H. Davis

    Bulldog> True, there was a lot of fear mongering with the Japanese in the 1980's, but if you compare the two they are quite different. Japan did use it as a stepping stone in development, China is using it as its only source of development. It is already the second largest economy, and its foreign trade sector is growing faster than its GDP. It has no plans to back off and grow internally. – The average rise of the Yuan has been $0.01 every year for 30 years. – If you came to China and saw what was going on, you would shit yourself as to how the mentality of development through foreign money has become. Not only that, but they are pretty much indoctrinated to the point that the rest of the world OWES them this.

    July 5, 2011 at 3:28 am |
  48. Jagged

    quote: "I’ll suggest we just happily wave our American flags and light our celebratory fireworks.

    And for the evening, try not to think about where they were made."

    Typical limp wristed, mamby, pamby, politically correct response.
    I think I'm gonna be sick.
    What happened?
    Damn!

    July 5, 2011 at 3:29 am |
  49. king theodore

    my prof called it the failure of communism

    July 5, 2011 at 3:30 am |
  50. RGeneration

    LOL !! This article is a well-deserved kick in the face. Wake up, America ! Oh heck....who's listening anyways??? And I'm not even an American....but i still feel for you guys !!

    July 5, 2011 at 3:33 am |
  51. Washmetum

    @Emigdio

    Disgraceful.

    July 5, 2011 at 3:33 am |
  52. Curtis

    Everything but corporate America is third world country labor.

    July 5, 2011 at 3:37 am |
  53. Eric Roberts

    Working conditions in a fireworks factory have to be terrible.

    July 5, 2011 at 3:37 am |
  54. Who gets the last laugh?

    The US currently has a debt of about 14 Trillion dollars.... in FACT, we owe China a little more then $350 Billion.... and we owe Japan around $650 Billion.

    Who is independent and who is in slavery.... ask yourself that every morning you wake up and head out the door and every night you return home. Your great great great grandchildren will be paying your debt off long after you've died and decomposed in your grave.

    Shocking truth.... but something that should be considered, especially since every city in the US chooses to put on a fireworks show every year. Just add on to the debt.... our unborn descendents can worry about the mess we leave them.

    July 5, 2011 at 3:46 am |
  55. WS

    Be thankful that China loves our Buicks as much as we love their cheap labor and fireworks or Detroit would be in even worse shape than it already is.

    July 5, 2011 at 3:51 am |
  56. 112321

    My brother buys the Chinese made American flags....i tell him its a friggin joke and an American flag made anywhere else means nothing.

    July 5, 2011 at 3:54 am |
  57. dozo

    Compared to the 3 trillion dollars we spent to liberate Iraq and Afghanistan, trade deficit with China is almost nothing.

    July 5, 2011 at 4:00 am |
  58. JC

    American flags imported from China?? Disgusting. Maybe there should be a law stating all US flags (and state flags) must be made in the US. Corporate taxes are too high?? Give corporations a 1% tax break for every 5,000 jobs they bring back to the United Stated from overseas.

    July 5, 2011 at 4:05 am |
  59. James

    To put this in perspective, the U.S. trade deficit with all countries is only 0.003% of U.S. GDP. Journalists never tell you that because they specialize in promoting hype and fear.

    July 5, 2011 at 4:06 am |
  60. Jason

    I think we all get the point you're trying to make, regardless of you having left out so much of the bigger picture.

    That being said, I find your cheapening of our national anthem and heritage extremely irritating and largely inappropriate considering the particular day. Regardless, enjoy that first amendment. Maybe you can find a way to twist it too in your next piece.

    Going by the article of your title, I'm assuming your audience is Americans? Well you just alienated a good majority of us with your "clever" perversions of patriotic hallmarks. Go back to rhetoric 101.

    July 5, 2011 at 4:07 am |
  61. really?

    CNN this story makes it to the front page? I shouldn't ever read CNN again....but wait it's where I go for entertainment.

    July 5, 2011 at 4:10 am |
  62. Toni

    Stupid article, many stupid comments. Why is there so much fear of the Chinese? They are a great people like us.

    July 5, 2011 at 4:14 am |
  63. Lizzie

    Let's totally kill the mood of this historic day by reminding everyone of how much the US sucks- really CNN? Can't we have one day where we blindly revel in the glory of being American?

    July 5, 2011 at 4:20 am |
  64. TM

    Amazingly enough we haven't seen Tibetan blah blah this blah blah that tonight yet, lazy Tibetan supporters don't disappoint me, July 4th isn't a good enough excuse, get up and do China bashing.

    July 5, 2011 at 4:24 am |
  65. James

    I made a math error. The trade deficit is about 3-4% of GDP.

    July 5, 2011 at 4:27 am |
  66. Emigdio

    May I remind you all that the so-called debt is hyped up by Chinese sympathizers that have been hired by the corporate media to scare people. They did the same to the Japanese in the 80's. The reds will never win. We are power. They are cardboard.

    July 5, 2011 at 4:39 am |
  67. Oodoodanoo

    As Ben Franklin said, "Never a chipmunk nor an octopus be." No, wait...

    July 5, 2011 at 4:45 am |
  68. Angela

    are u sure those companies in china are not our companies? they are there cos of the cheap labor and cheap product, so we do know that our businesses have moved to china, people think that china is taking over, that is not true, some big guys are taking over, individuals that are transferring jobs to other countries so they can get richer and richer by the minute

    July 5, 2011 at 4:47 am |
  69. FreeDamn

    We owe more than 1.25 Trillion US Dollar to China as of the moment... basically they owned the USA per say... whether you like it or not it would take generations to pay this debt....
    And yet we are still spending money to useless war abroad how crazy our politicians can be... american people are dying of hunger, we use to laugh china more than 30 years ago as the crazy cummy.. now looks whose laughing now..

    July 5, 2011 at 4:51 am |
  70. ForgotToMention

    I think they truncated the actual title of the article: "Happy Dependence Day, America! Love, China
    P.S. Where's our f-ing money?!"

    July 5, 2011 at 4:52 am |
  71. Guest2050

    I love that 'Happy Dependance Day America, love China.
    Someone remarked that China built your railroads in the 19th Century and yes they will be involved in building America's high speed railroad in the 21 century. But first there has to be the 5% VAT....5 years of this and your debt will be cleaned up and the money for the high speed railroad will be available. That's providing your President after Obama doesn't decide to find a war to start.Somebody told that it's always a Republican president that starts wars....would someone clarify this for me.That Bachman woman looks like she could be a bit of a war horse and she's Republican

    July 5, 2011 at 4:52 am |
  72. Kevin

    Generally, I like to take business/economic advice and projections from someone who has absolutely no education or tangible experience doing business/economics/finance/etc. in China. Maybe next time CNN allows someone to write a business blog they should choose someone that has a little more credibility and credentials. Don't get me wrong, doing a morning drive-time talk show in China is uhhh....no wait it has absolutely nothing to do with what he is talking about.
    See: http://hk.linkedin.com/in/ramyinocencio

    July 5, 2011 at 4:53 am |
  73. FreeDamn

    Emigdio

    May I remind you all that the so-called debt is hyped up by Chinese sympathizers that have been hired by the corporate media to scare people. They did the same to the Japanese in the 80's. The reds will never win. We are power. They are cardboard.

    You are so ignorant red-nick, you are the kind of american people should be hanged to death, america will not recover with your kind thinking and attitude..

    July 5, 2011 at 4:56 am |
  74. and

    Happy Independence Day America! http://www.youtube.com/watch?v=CVS0PKwoun4

    July 5, 2011 at 5:07 am |
  75. Mit. K

    @ Emigdio – You may adopt an ostrich policy and remain ignorant of where the rest of the world is going.

    July 5, 2011 at 5:18 am |
  76. Joko-Lee Suprianto

    To Kyle H. Davis,
    If you will to pay a visit to China, you will able to see all business centers are flooded with American commercial from KFC to Wal-Mart, from GM to Ford, and many others. Let's not be biased and be neutral. I am not from China, but I can see my own eyes that the USA is pretty much rely on fabricated and exaggerated news in the media to shore up anti-sentiment against a community and a country. Have you ever think about why, despite all the complaint in Capitol Hill and including people like you, the US multinational companies still cannot let go of China? That’s because they are making huge profit out from China from cost reduction to selling product to the Chinese. Do you think these CEO in top US companies are narrow minded like most of you guys in the forum? You can say whatever you want, the fact remain that without China massive investment on US treasury, US government is going down to bankrupt during the last recession (by the way, where is the money to fund the social security, and offcourse the WARS to kill Muslim, human right?). You complained about China's anti-competition to the foreigner, well, I would advise you to read more, as all government will apply some sort of protection measure to protect domestic benefit, the same goes to USA which is now the number 1 protectionism in the world, the fact that there is an article like this appears in CNN to shore up anti-foreigner product, is a basically a systematic tool of protectionism. Wake-up! Please do me a favor, please don't buy any make in China product, and the final victim will be USA multinational company, not China. Try it.

    July 5, 2011 at 5:19 am |
  77. geek1981

    Oh, this is too much. Americans need a take a chill and enjoy the 4th of july... Enough worrying about what will happen, what will happen, will china become a superpower,. will all our debt be too much !!!! Arggh.... Give me a break and let me enjoy my life please!!!

    July 5, 2011 at 5:22 am |
  78. Steve

    "U.S. foreign trade statistics show that the U.S. imported $3.2 million worth of flags, and $2.8 million of that went to our top trade partner."
    Funny, U.S. foreign trade statistics also show that "our top trade partner" is Canada, not China.

    July 5, 2011 at 5:24 am |
  79. CoffeePartyMember

    Chinese modernization started off with a very low base in the late '70s. As simple mathematics, one can have high growth for multiple years with the low base. US and European countries, more mature economies, have a much higher base for growth, and its growth rate would be very limited. The most important thing for US to continue its growth is investment in education, investment in science and technology, which US were good at in the last century, and control its recurrent deficits. In terms of GNP per capita, we are still no. 1 in the world, so are our national debt per capita, US$4,700.

    July 5, 2011 at 5:29 am |
  80. Trade with US is SMALL for China

    China's trade with the US only accounts for 1 to 2% of China's GNP, which is worth trillions of dollars.

    Whatever they get from America is spare change.

    Americans get more from China because of what they save and what they get for underpriced goods. They also get trillions in loans.

    Indeed, what America gives to China is incredibly small, but what Americans get is huge.

    July 5, 2011 at 5:34 am |
  81. BILLYtheimportKID

    Is this the kick-off on "War on China"?

    July 5, 2011 at 5:40 am |
  82. 4UrInFo

    I just find it very funny that so many foreigners and immigrants bash Americans and call us stupid, when we are the people that created and run a country that all of you all have migrated to because your country couldn't provide the quality of life that we offer here. It's also funny that people say bad things about americans, but spend all of their families life savings to move here and hope to be able to call themselves americans one day. America is a Great Country. China needs us just as much as we need them. One hand washes the other.

    July 5, 2011 at 5:41 am |
  83. CrzyD

    funny, when i saw the name of this article i thought it was literally a 'happy fourth of july' message from china.. then come to find out it's just another propaganda piece from CNN furthering negative thoughts americans have towards the chinese and other asian countries..... when are you dbags gonna wake up and realize the world is becoming globalized and it's time we started building relationships overseas rather than gaps~ i see the point that's trying to be made in this article but consider that the us is doing the exact same thing to china.. lol.. and besides all this bs this isn't exactly something i'm interested in reading this holiday.....

    July 5, 2011 at 5:43 am |
  84. 4UrInFo

    I don't like the sarcastic smack in the face from this article. How can a journalist talk down on the the flag and insult the national anthem. On American Independence Day. Oh wait, I just checked, this article was written by a Chinese person. I have nothing against any other race or creed, but WOW CNN, do you even proof read and edit your articles. There is an undertone of disrespect from this author. This shows terrible judgement from the organization to allow an article like this to be posted Today. I mean, dang, it couldn't even wait until tomorrow, smdh

    July 5, 2011 at 5:47 am |
  85. Lorna

    Is this Ramy from Bishop Ireton?
    I fully agree there are major ramifications if we don't change our ways.
    Lorna Holland

    July 5, 2011 at 5:53 am |
  86. KatyaKatya

    This nation is not based on ethnicity. It is based on ideas. Dignity, fair play, responsibility, independence, freedom of opinion, honesty. Keep them and trade with anybody you want and you are the USA. With all of the Chinese-made railroads, software and biotechnology.

    July 5, 2011 at 5:53 am |
  87. American Public

    As an American I find it insulting to see Made in China labels on US flags.

    July 5, 2011 at 6:13 am |
  88. Odessa

    US, you are not alone. We all depend on China. Just look smart and don't look easy to be conquered.

    July 5, 2011 at 6:20 am |
  89. Payday Loans Services

    China seems to be one of the Emerging power in business today, the growth they are having is tremendous and increasing day by day

    July 5, 2011 at 6:29 am |
  90. fireman rick

    Yeah. Okay. We're dependent on China for a lot of things. I guess that makes us totally dependent on them and somehow equates to earning our freedom from tyranny and religious persecution. Riiiiiight.

    July 5, 2011 at 6:33 am |
  91. Streetsmart

    I think he is typing the blog entry in a computer Made in China. ;)

    July 5, 2011 at 6:36 am |
  92. Victorianism

    It is a very well-written article with a beautifully fluent and pleasurably mind-absording rhythm, that is surely worth reading. Even more plausible is that it is putting out the facts with a good, suitable, and consciously self-confined emphasis on the future problems of her homeland. (Here, I should say I don't know whether the author is male, or female, but I subconsciously feel it's almost certainly out of a very beautiful hand and a pretty mind.) Based on what I see, so it is fair to say that both and article and its writer are well-disciplined and blessedly balanced. Many thanks. I am grateful.

    July 5, 2011 at 6:36 am |
  93. Jaime

    Watch out for Chinese posters posing for Americans on here and other China-related articles in various news websites (with fake names such as "Josh" and "Mike"), and trying to manipulate the debate with doomsday phrases that want to make it appear as if China is much farther ahead than it really is. You've been warned.

    July 5, 2011 at 6:51 am |
  94. pete4808

    I believe that if we devalue the dollar enough our trade deficit would be gone in 10 years.

    July 5, 2011 at 7:13 am |
  95. 8andSkate

    Thanks CNN. You always know how to bring things down.

    July 5, 2011 at 7:16 am |
  96. student90210

    The money China is making out of dealing with the US comes back into the US. China is America's biggest lender. So the Chinese give the US the products and the money back!

    July 5, 2011 at 7:20 am |
  97. Simple Solutin

    Really simple answer.
    75% duty on anything coming to the U.S. from China.
    The Brazilians charge 100% duty and have been getting away with it for years. You don't hear China complaining.
    But if the U.S. did it, "it would be unfair".
    Here is a country that we are being told has manipulated their currency, and won't play fair with the U.S. We can blame ourselves for sending our infrastructure there 25+ years ago so our public companies could produce cheaper and make higher profits.

    With a duty, we could take the proceeds to help pay down our debt. In conjunction we could follow through on an ammendment stating proceeds only go to pay down debt, and make congress pass an ammendment forcing them to balance the budget going forward. It would help drop the trade deficit and eventually, some of the manufacturing would come back to the U.S.. What could China do? They own our debt. So what!! They already bought it. At the very least, we would be paying them back with the proceeds. China is already slowing buying new debt now so being concerned they would no longer buy our debt should be less of a concern. The only thing we would have to worry about is Cyber retaliation.

    July 5, 2011 at 7:33 am |
  98. xybr0xym0r0n

    This is a great transition of all time,that US is now embracing to communist,a big slap to most of US statesmen from the past.

    July 5, 2011 at 8:06 am |
  99. dk76

    Most Americans who aren't too full of themselves (U.S. too big to fail) as citizens of this great nation knew where this economy was going for the past 20 years. One company after another, our government has let them outsource our job market to foreign countries so that us Americans can afford to buy things and still have a huge profit left over for the big execs. I knew this economy threw in the towel when Levis Jeans was no longer produced in the USA. Ten years ago we had the tech bubble burst.... i'm predicting that our entire economy's bubble will burst and really put us in a economic depression.

    July 5, 2011 at 8:43 am |
  100. dk76

    Get ready to learn some Chinese

    July 5, 2011 at 8:44 am |
  101. dk76

    What isn't made in China these days? I remembered the days when things were made in their respective country of invention/refinement. As an American I wish I live in a country where I know most of the things I buy are made in this great nation.....how depressing it's not.

    July 5, 2011 at 8:48 am |
  102. engyc

    If US consumers are prepared to pay higher prices for goods made in the US, the end of the trade deficit with China will be in sight, since they buy so much. Except for goods that require much handiwork like shoes and clothing, bring manufacturing back to the US. Automation will mitigate the higher wages prevalent in your country.

    And don't forget your greatest asset- innovation which is acknowledged worldwide. You keep coming up with products that the rest of us love to use. This will keep earning you big export dollars.

    Consumers outside of the US will still buy your products even at higher prices. They are prepared to pay a premium for the "Made in USA" label which (and this might surprise many Americans) stand for innovation and quality. This is particularly so in Asia, where with rising wealth, consumers are more discerning in quality and brand name. Be it consumer durables or food items, the USA label now equal an assurance of quality. Now you have many well known brands and consumers like to be associated with them.

    Japan retains the manufacture of its best products at home. In stores selling Japanese goods in my country, sales persons often point out the "Made in Japan" sticker when promoting high-end goods to consumers who have now become doubtful of the quality of Japanese goods made elsewhere.

    July 5, 2011 at 8:57 am |
  103. liteshtica

    I am a Chainese ,and working hard on my English now.请多多关照

    July 5, 2011 at 9:11 am |
  104. Robert

    Well... the USA can always sell Alaska to the Chinese to cover its debts. There is historical precedent for it and the state is just subsidized by others... then you just take one star off the flag and it is done. After all there have to be consequences for spending other people's money, far more than you earn. A credit card lifestyle is not sustainable as shown so dramatically by Greece.

    July 5, 2011 at 9:46 am |
  105. peter warren

    More and more, America deserves the name of the world's laziest country. Some day soon, US of C will learn that now, it either does what Bejing privately says, or it goes publicly broke and since it will not dare do that (would not win the next election if it did that) will do exactly what bejing (behind the scenes of course) tells it to do. Heil Htler, I mean, Heil Mao, I mean, Heil...HWat is it we are supposed to "Heil" this week Bejing?

    July 5, 2011 at 9:56 am |
  106. rann201

    CNN = China's News Network

    Ive been observing Cnn's articles and all i can say is that it is like a Chinese public network serving to project a very positive image of China while undermining US' image. Look at all their articles, have you seen any negative news from china? No.
    what is CNN doing? fueling itself as the prime western media in china? sheesh, this network is worse than fox news now.

    How com CNN dont report the large debt that china has accumulated now? How come CNN cant even report the poverty in China living under the elevated rail network between beijing and shanghai?

    once again, cnn just proven its lack of journalism and shallow reporting.
    CNN = China's News Network

    July 5, 2011 at 10:09 am |
  107. Larry Rollins

    I only own one flag.
    It has 48 stars,
    but it was made in the USA.

    July 5, 2011 at 10:27 am |
  108. GEORGE

    I am not American I live in Europe. AMERICANS should be proud of their Country and those writing this article should be ashamed . Power of China in the world even cant come closer To the United STATES, nor its influence and etc. The name of this article is interesting but when i read it i thought ,, WHY THIS ARTICLE IS NAMED Happy Dependence Day, America! Love, China,, where is the connection between the name of the article and article itself? And ANOTHER QUESTION is who is dependent on whom? CHINA On US or US on CHINA? YEAS USA imports fireworks from CHINA BUT IS PAYS MONEY FOR IT SO USA IS THE COUNTRY WHO PAYS THE MONEY and CHINA WHO WORKs to fulfill orders SO WHO IS DEPENDENT ON WHOM? PERSON WHO PAYS OR PERSON WHO WORKS? YES THEY ARE DEpendent on each other BUT PAYER is who choses the worker . I LOVE BOTH CHINA AND USA they are both great countries two superpowers and they should be friends with each other not enemies . CNN IS AMERICAN MEDIA SOURCE AND SHOULD NOT PUBLISH THIS KIND OF ARTICLES IN THE INDEPENDENCE DAY. OF COURSE EVERYONE CAN SAY and Wright what he or she wants but it should be based on something? DEPENDENCE OF US ON CHINA AND EXAMPLE OF FIREWORKS is really funny. I love CNN and read it everyday and beleive that they want publish this kind of articles in the future . Love u guys:)

    July 5, 2011 at 10:27 am |
  109. Robert

    Well... here is a thought: perhaps CNN has outsourced to China the writing of its articles? The Chinese are increasingly learning English and learning about the US and the rest of the world... some time soon they will be able to do this job as well. A scary thought? Hmmm... I do not think so. Though look for some articles about China on CNN – they are not exactly gushing about the country. Your assertion about CNN bias and thus your argument are both incorrect.

    July 5, 2011 at 10:41 am |
  110. American Joe

    Bring back the trade protectionism like we had in the 1950's! Yea for those who say this only brings inflation then tell me where was this inflation in the 1950's? In 1950 you could by a single family home for less then $9,000.00 dollars in most places. Trade protectionism did not bring inflation to the United States. Lawyers, Real Estate mongers in the 1980's amplified by "get rich" TV sceams made us who we are today. Today you can't compete against someone whose total cost of living is a single room shanty and horse dung for heat. Just because china society is 90 years behind are delevopement should not be used as a bad word in labor cost in the US.

    July 5, 2011 at 11:25 am |
  111. Chang

    Hopefully, now US will come to it's senses and ditch Capitalism and adopt Communism. The sickle and hammer is, US only hope. We are waiting for orders of new design of your flag.
    This sentence was Made in China!

    July 5, 2011 at 11:35 am |
  112. jesus

    Hypocritic, narrow minded, self loathing,envious article.
    In the last 2000 years China" dominated" 1800 years.
    The last 200 years has been about wars,wall street and western colonialism.
    China is naturally regaining its position in the world.
    It already has...

    July 5, 2011 at 12:31 pm |
  113. pretender

    Its harsh reality folks with world becoming a global village Country with over 1 billion population is next super power with powerful and thriving economy ,hardworking people control on mining industry of the world.

    July 5, 2011 at 12:45 pm |
  114. PC

    Was US the home to all the resources in the first place? No. Times change. Circumstances change. How many Americans were crying hoarse when US was grabbing large share of world trade market in the early 20th century. What we are seeing is just plain economics. If it can be made cheaper why would I spend more on it. That's capitalism you see. And US is the pioneer of it.

    July 5, 2011 at 1:11 pm |
  115. Canada-1

    As Steve pointed out – Canada is the US's top trade partner, in a much more equal trade balance situation.
    As of last week, Canada had not set a date for invading the US, but I'm sure they were waiting to consult with William and Kate, who will do the announcement this week in Hollywood.
    Before getting in a flap, you all need to check your CNN FACTS, every time, because CNN certainly doesn't bother to check them. Or do you all just like the sound of your own irrelevant thoughts? Sort of like CNN?

    July 5, 2011 at 1:21 pm |
  116. Robert

    In the last 2000 years China was divided into many countries multiple times and involved in civil wars after civil wars. China was conquered several times and its people slaughtered by invaders with the Mongols being perhaps the most viscious. Multiples times the country was depopulated by war, disease and famine... casulaties perhaps reaching 50% or more. The idea of Chinese domination is a myth meant to scare foreigners. What China did do was survive and recover and it is doing so again. The soft Americans of today could not imagine the nightmares China went through and survived... I doubt they could survive them.

    July 5, 2011 at 1:29 pm |
  117. Rich

    I'm curious what this kind of scare-mongering article is supposed to accomplish.

    July 5, 2011 at 2:47 pm |
  118. coder

    I hope the chinese do to the americans –
    what the americans did to the native americans

    July 5, 2011 at 2:50 pm |
  119. Shah

    Well done USA. Keep it up with unbalancing our Economy and keep borrowing money from China. And soon you realized we (americans) will be working for china and other other countries. Our value of being american will be demolish.
    Only one thing can save us... political parties please join hands.. stop arguing who is going to win the election... don't go to wars and save that money and pay off our loans.

    July 5, 2011 at 3:44 pm |
  120. Rohit

    U.S. can't afford to go against trade with China. That is ridiculous considering that 4 trillion dollars of U.S. govt debt has been bought by China (making China the biggest lender to USA). The west needs to stop being paranoid or jealous of the emerging economies. If you need savings, ask the White House to cut its spending.

    July 5, 2011 at 3:48 pm |
  121. Steve M

    I have to say it may be a bit unpatriotic and flat out wrong to exploit the poor while at the same time taking needed jobs from Americans. BUT, this is what it is to be American! It is my choice who I hire, who I worship, who I love; where I go, what I do. The irony I believe, some need to read a few words from the Declaration of Independence.

    July 5, 2011 at 3:50 pm |
  122. TheEngineer

    WAMD, etal, you know nothing of US history. While there were a few chinese assisting to build a few railroads in the US west in the late 1800s, the industrial-jaugernaut in the east was building far more railroads, factories, and everything else with 95% plus european-american labor and 100% european-american know-how. The large cities of New York, Chicago, Detroit, Philadelphia, Milwaukee, Boston, Cincinnati, Indianapolis, Memphis, Miami, Atlanta, etc., etc., etc., etc. and all the farming, logging, mining, and industry in-between was 95% european-american built. Just because global bankers and merchants have been allowed to use Chinese industrialized-peasants since the 1980s to do their bidding doesn't mean european-americans aren't capable. If the USA had a government that actually governed, it would have the same law as China does which is: if you are going to sell it here, then you will make it here – unemployment would be less than 2% nearly overnight and the deficit would be wiped out in 5 yrs and the US would have surpluses year after year, but you allow global bankers and global merchants to run your country, and they use the cheapest labor they can find, and right now that labor is in China, where the average Wong still cannot even imagine the standard of living average Joe enjoys.

    July 5, 2011 at 4:17 pm |
  123. TheEngineer

    CHART-WATCHERS – instead of looking at a snapshot of who-owes-who at a moment in time, try thinking about the TREND. In other words, maybe we owe China $1TRILLION today, but what did we owe them 10 yrs ago? NOTHING !!! You think that 10 yrs from now we will still owe them 1 $TRILLION, or that it will only double to $2 TRILLION. Extrapolate the curve, analyze the trend, and by 2020, we could very well owe them $10 TRILLION (if they decide they want to continue helping us). In 1980, US debt was about $300 billion – it has been exponentially increasing with each year that we allow other's to have our industry – with a minor exception for a few years in the 1990s when we had $1/gallon gasoline and BUKU investments in fiber-optic (modernized) communications infrastructure.

    July 5, 2011 at 4:46 pm |
  124. That'snotTrue:[

    Why the fear mongering CNN? You make it sound like a bad thing when we're in a globalized world, everything's connected...although not a lot is made in the US, and there's that debt. Which by the way China doean't even own the most, it's only 7%, the federal reserve holds about 10 trillion or more, and it damage the US economy more than China's if the US debt was dumbed back to the US? Why, globalized world, the EU trades more with China and China's turning into a domestic consumer instead of international trader, the things made in China are sold in China....there's over a billion people, there's a market for everything. While the US.....at least they stop printing the funny money....but with this attitude...that's why everything's going down hill.
    A hostile view to everything that doesn't benefit America, the US isn't in the position it was in 20 years ago, it needs to respect it's elders, meaning all the countries older than it (Which is all countries excluding North America, Canada is it's equal, not extanded part of the country). Such a negative view and wishing other country the worse....well karma or for every action there's a reaction.
    &&& To began with America was always dependent, Natives to show the British the land, African slaves, Chinese built railways, international students to keep the system up. To be frank it was never an independent country to began with, it depended on other's labour/land to build itself up....And now since both parties have only themselves in mind it's ging down.

    July 5, 2011 at 6:39 pm |
  125. musthaq

    Developed countries, keep ur jobs with yourself at any cost as u don't get them back if u loose them to china, try to educate ur people to work for little lower wages, educate ur young how to compete with china to safe guard their country from Chinese hackers who steal everything from ' safety pin" knowledge to national security information.
    further more, china,try to develop ur own knowledge on space technology, electronics, weaponry(all types), nuclear fuel usage, computers, European clothing designs n etc ,plz for God sake don't steal any countries knowledge on these and make a duplicate of these and indirectly don't sell to them itself. I have seen lots of electronics items which r developed in US/Germany/Aus/ n European countries are ending up in a 2nd world country like china where they make a duplicate of the same item or they will do little adjustments to it and release with a new name(has mostly faulty features) in all countries all over the world. so 3rd world countries r using faulty products(mostly china made) by still paying good money.
    I blame Countries who sell the designs/code/practices/models to china, so that they can make a product for lesser price n in more quantity but they r not realizing that by this they r loosing a really good chunk of people from all nations who want to buy a real genuine product n more over Americans n Europeans r loosing their own jobs which r shifted to china. In long run also westerner's can't get their jobs back as china's populations increases slowly or alarmingly, so than also their(chinese) govt. need to fund and provide jobs to the growing youngsters.
    Chinese govt playing all cards correctly to keep their manufacturing n etc companies(jobs) in tact n tries to get more n more export orders from richer countries(now richer, don't know in future) by lowering their currency rates intelligently and by buying lots of US debts. so that they can keep US under them always.
    when it comes to land occupation-–Tibet which has a weak govt. can't withstand a chinese army pressure n have to surrender their country(if not chinese would have killed so many residents and matter could be just behind those closed chinese rooms), grt Buddhist monk "dalia lama " who tried to free some people n Tibet has to take care himself in some small Indian town under little care(i really doubt that, was Tibet is a part of china as these days chinese govt. is demanding "Google maps" n other "applications" to change every country's border physical map which has a border with china to gain the land n accommodate it with inc. Chinese population n there by looting the ground natural wealth like minerals, fuels, hill stations n etc., ) .I pity those border counties how they can save(tackle) their lands from intruders. News is that china is supporting Pakistan by building dams,roads etc., for a bad sake ie., to gain their(Pakistan) land later n use their land as a battle ground to fight aganist US/India n thereby occupy those territories n place their rising Chinese flag.
    These days they helping(buying their material) African n South American countries for the same bad sake ie., to loot them later by providing some help n showing some interest on innocence people n there by they can get near to the American territories.
    I Had a doubt "did china would have spent astronomical amount of money from their own pockets to perform this gargantuan task ie, war against terror for the welfare of their and other country citizens" which USA is doing till now from 9/11 2001.
    If this incident was not happened, ginormous amount of money n blood would have been diverted to some projects in n around US, and china would have never come near or can't even sniff the American economy rise.
    God save America, where china is coming into their territory, by making frds with all American border countries n others to fight against them.
    America get back all ur lost jobs to china at any cost, pay ur debt ASAP to china.
    Try to use only "made in America" products which indirectly saves ur job too.

    July 5, 2011 at 9:11 pm |
  126. dp from hong kong

    At least the Chinese are building or selling the US things which Americans can use for positive purposes. Infrastructure is investment to boost economic activities or satisfy needs of life. The author has forgotten, however, to calculate how many billions of dollars worth of weapons the US have sold to Taiwan for them to fight or kill their own kind? The Chinese must have grumbled much to this, the problem is, you do not or choose not to hear ?

    July 6, 2011 at 1:19 pm |
  127. coyote02

    Wow Ramy what happened? I used to like you but... did the South China sea spat between China and the Phillipines cause you to pen such a poisoned piece?

    As for the comments... whoa. For the guy below that suggested the US do what Japan did to China: well I have news for you. China knew of just such mentality against it, and has properly armed itself to the teeth. So don't nobody pretend and say oh why them little chinee are getting all that military hardware. To defend itself against the ill will such as displayed here. Thats Why!

    Really all of you who are pissed off at China, did China hold a gun to your head to make you buy made-in-China stuff? No. The west though did do exactly that, forcing opium on China with gunboats.

    July 6, 2011 at 3:52 pm |
  128. Sammy

    From Century egg to Firework, CNN reporters just can not stop their China Bashing mentality. The author cited In 2001, the U.S. ran up a deficit with China of $83 billion. By 2010 however, that number had more than tripled to $273 billion. However, the author also failed to mention that in the same time, US export to China increased from 19.2Billion to 92 Billion, an increase of 4.5 fold. The author should also noticed that US is a service based economy which can not export to to other country unless it across the geography and language difficulty. To give you a simple example, MacDonald. KFC, Starbucks and other US brands are all over China but you can not count them as US export to China. They are not hardcore merchant which you can fell and touch, but they are the business corporate America rip the profits. Taking the firework as an example about the imbalanced trade is even more ignorant on the reporter. You should have noticed that Chinese is the one invented firework way before US was even a country. Most US cities have rules and regulations against the firework keeping, let alone allow a manufacture sitting in their backyard. Unless the author want to have a year round fire work in his backyard and not be worried, there will be no firework manufacturer in US, wither they locate in China or elsewhere.
    Yes, the Chinese is building the bridges and airport. They earn the right to invest their future after majority of their population works 48hours a week. And you might also need to know that the money invested in these projects are far much more beyond the trade surplus. China's export to US counts about 9% of their GDP, while China's GDP growth rate is about 10-12% each year for the last 10 years. That is to say, if US completely stopped trading with China, it only sets back China's GDP growth for about a year. If China can make the bridges with low cost and save tax payer money, I say go for it. US just needs to think about the export policy and export more to China. The current embargo of export to China is killing the US business. People in US should also need to be more aggressive in grab the growing consumer pie in China, like the Europe does. If all you know is sitting in your cubic complaining about China, you are going to see your fat butt kicked sooner or later.

    July 6, 2011 at 11:19 pm |
  129. So tired of it all

    Meanwhile in Croton on Hudson, our mayor is just so happy with his Chinese made "Adirondak" chairs:

    http://ossining.patch.com/blog_posts/lets-celebrate-interdependence-day-this-4th-of-july

    July 13, 2011 at 9:31 pm |
  130. Elizabeth

    As an American living in China, I can tell you that they don't buy many American goods. They rip off loads of American goods, instead, down to the brand name. A Chevy or Ford driven in China may or may not have anything to do with the American companies Chevrolet and Ford. And do you REALLY think that hardly anyone here pays for software or music? When no foreign copyrights are recognized, what foreign profit can be made?

    July 17, 2011 at 8:27 pm |
  131. Nathan

    Kyle H. Davis China needs an economic revolution and why would that be? They are growing middle class is growing most people expirience a better standard of living, why would they change anything. Sure they are stacking the deck but so did the USA. Your belovered country has been taking advantage of all other countries over powering them to get what you want and your economy is in turmoil.

    Double standards that is why the rest of the world is not that upset by the predicament you are in. Apart from the personal aspects i don't care about a country that doesn't tax the rich at a normal rate then cryes foul....USA needs an internal economic revolution China is going along just nicely

    July 27, 2011 at 8:58 pm |

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