SHANTOU, GUANGDONG PROVINCE, CHINA
In China there’s been a year’s worth of growth in the few months since my last dispatch.
You name it, and it has grown in China. Some examples: the Chinese trade surplus, the Chinese trade surplus with the U.S., and the Chinese trade balance with the rest of Asia, which has gone from deficit to surplus.
China, is an excellent example of the complexity of the American image abroad. U.S. China relations are intertwined at every level of politics, economics, and society and becoming more so daily.
Let me put this in a factual context.
China is now the seventh largest economy in the world. Within five years it is likely to be the fourth largest.