Topic > China and the China Case Study - 1243

China is a vast and vast country that, compared to the size of its enormous population, has had influence on other countries around the world and continues to do so through business and trade. China has also been considered the largest trading partner of the United States in both imports and exports. Business between the United States and China has only increased since the 1990s, when the United States recognized China as a “most favored nation” due to strong trade ties. The question regarding US-China trade relations is: “How good is this partnership and has it become more of a give-and-take relationship?” due to the decline of the American economy with the growth of the Chinese economy in recent years. For starters, China has always had a strong focus on work since Mao Zedong's Cultural Revolution. In the late 1950s, Chairman Mao ruled China under the Communist Party and brought the country to rely on agriculture. In this way, labor was labor intensive and would make up a large part of the country's society and economy. Because China's population was so large, labor was not a major concern, and this trend continues today in China's more developed and modernized economy. In fact, China's workforce is what supplies many of the goods that are sold and used in the United States alone, which has led to a $1.3 trillion debt owed to China as of 2013. Any American consumer is more than aware that almost every product purchased has the “Made in China” label printed on it or highlighted by a sticker. However, even though many Americans purchase these "Made in China" products, they don't always realize how much they are contributing to the debt currently owed to China. In addition to the huge amount of profits coming in... .middle of paper......shoes for long hours with little pay. This could be a motivating factor that will push some Americans to make the transition from goods made in China to those made in the United States, perhaps even boycotting “made in China” products entirely. In conclusion, although the national debt is a major concern for the United States and how it will affect our country in the future, there are definitely some solutions Americans can take to stop China's holding contributions to our money. Currently, although the United States and China are close trading partners, the trade relationship seems to be more of a give and take, with all the benefits for the Chinese economy. While trying to repay the $1.3 trillion debt to China may seem impossible, there are certainly ways Americans can support their economy and prevent our money from ending up directly in China's hands..