The NYTimes reports that China’s economy surged 14.9 percent in the second quarter, whereas the U.S. economy shrank 1 percent in the period.
The two economies remain closely interwoven. China needs U.S. consumers to buy their products, and the United States needs China to to buy its debt.
Many Americans understand that this really isn’t a healthy long-term relationship? What to do? The answers are few in a country that continues to pat itself on the back, saying “no problem; we’re the best at everything.”