Dr. Handel Jones writes in his book "Chinamerica" of the future collaborative path for our countries. In summary, we each need each other - America for its large middle class and product innovation, and China for its low cost manufacturing capability. Dr. Jones recently keynoted at the Oracle Manufacturing Summit in Salt Lake and spoke of the challenges and opportunities that such a relationship extolls. He states that the contrast between the 2 world powers could not be more startling; while China is amassing through trade nearly one-fourth the world's foreign reserves, the US excels as the consumer of finished goods with Americans unconcerned about debt or the consequences of living above their means. The facts and figures in the book support an alarming conclusion.
If you are interested in learning of developing trade issues with China, the balance of supply chains, outsourcing and offshore manufacturing, and the future of our mutual relationship, 'Chinamerica' is great reading.