Originally Posted by
Steve Shepherd
And yes, a majority of the consumer goods found in walmart, Target, or most national chains are manufactured in China.
The thing is this: at this stage, China needs the US more than the US needs China to accomplish it's long term goals. It is a relative insular economy, driven by consumption, so in a game of who can hold their breath longest, US wins. It will be at the expense of a subset of the population or economy, but the overall effect is more manageable for the US than for China.