Are we really dependent on China? We seem to have a trade deficiet with China, and the only things that I see coming from there are toys. Are they really a crucial trading partner?
Is China dependent on the U.S.?
2007-02-21 16:39:25 · 7 answers · asked by The Riddler 3 in Social Science ➔ Economics
The United States is the world’s leading debtor nation, and is now heavily dependent on Chinese capital to underwrite its fast-growing debt. If China ever decides to divert this capital surplus elsewhere, either to internal investment or to the development of oil, gas, and mineral resources elsewhere in the world, the U.S. economy will be in trouble.
2007-02-21 16:49:02 · answer #1 · answered by Albertan 6 · 1⤊ 0⤋
China makes most of our electronics as well. The United States no longer produces its own televisions, CD players, telephones, cellular phones, or radios. China is also making significant inroads into our tools and housewares markets and will soon be competing directly in vehicles. Go through a WalMart or Target and see just how much stuff comes from China.
2007-02-21 16:47:28 · answer #2 · answered by dukefenton 7 · 0⤊ 0⤋
Ofcourse US is partly dependent on China. China has a huge market which is key to US. No market, no profit. China lack behind in hi-tech field, so China needs US too. The cooperation of two large countries is double win. By the way, I am Chinese.
2007-02-22 02:01:45 · answer #3 · answered by yeeran7 1 · 0⤊ 0⤋
What is even more frustrating is that we are really that dependent on China (not Taiwan) but that is a Communist country much like Cuba, but we wont take anything from there. I would say start dealing with free worlds for cheap labor and stop handing commies all our money. Philippines, Taiwan and Japan just to name a few. If we banned Cuban stuff, then ban Chinese stuff too.
2007-02-21 17:44:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes they are americas trade deficite is $806 billion with the world and china makes up a relatively large portion of that. they dont just make toys they make electronics clothers books foods lights etc they make a vast amount of goods that america needs
2007-02-21 20:40:31 · answer #5 · answered by supremecritic 4 · 0⤊ 0⤋
95% of our bicycles are imported from China now.
2007-02-21 16:47:51 · answer #6 · answered by Mike D. 3 · 0⤊ 0⤋
look at all the electronics that you have in your house. what does it say?: "made in china"
2007-02-21 16:52:55 · answer #7 · answered by jqdsilva 3 · 0⤊ 0⤋