If you talk with the average American walking down the street today (well, the streets of Raleigh, North Carolina), most of them would regard China as a threat to the sovereignty of the United States. They would say that China is going to over take us in military and economic power over the next 20 years and our country will eventually have to square off against them.
No so fast, I say. The future of China is definitely bright, but that doesn't mean that both countries can't coexist and prosper. In fact, the recovery to the United States economy would be expedited if China were to turn around first. Why? China's unprecedented growth offers both import and export opportunities that will drive up the economies of nations around the world.In the United States, many of our industries are dependent on foreign nations growth. For example, many of the shipping companies traded on the Dow saw their stocks demolished as Chinese demand for shipping evaporated over the past year. Commodity companies such as US Steel saw their demand flat line this year after unprecedented growth from Chinese demand the past 5 years.