China's Economic Relationship with the United States

Paper Summary:

The paper assesses the theory that one reason that the United States has for performing so poorly in the economic sphere in recent years is the growing strength of the economy of China. The growth of the Chinese economy has resulted in employment being taken from Americans as many companies have chosen instead to outsource their factories in China. The paper also discusses the political arena and argues that China is also gaining popularity while the U.S. is loosing respect on a world-wide scale.

From the Paper:

"China's recent gains in industrial growth have changed the ways in which the rest of the world now perceives the country, especially concerning the other major world powers. As this trend continues, China could change current power relationships and current existing financial situations, especially in regards to the United States. If one country takes a strong hold on the economy, the entire ratio begins to shift. Currently, as China has taken such a stronghold through their economic and industrial growth, this has taken an affect on the United States. With China's new position in the Twenty-First century, the U.S. has been negatively affected in relation to their previous economic position, as China obtains manufacturing companies who once did business within the United States, begins to require and utilize more natural resources and fossil fuels..."

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