U.S. Dependence On China Is Growing

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Global Crisis Makes US More Dependent On China Than Ever -- Der Spiegel

When US President Barack Obama visits China this weekend, he will encounter a rival that sees the financial crisis as more of an opportunity than a threat. America, on the other hand, has been fundamentally weakened by the global crunch -- and is more dependent on the goodwill of the rising superpower than ever.

The scientists at the National University of Defense Technology in Changsha, China, had plenty to celebrate: They had developed a supercomputer that could perform more than a quadrillion calculations per second.

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My Comment: I travel to both countries on a regular basis. The difference between the two is striking. While the quality of life is better in the U.S., it is not the case for business, new projects and ideas being developed, and a vision of where one wants to be in the future. While China is still dependent on U.S. trade for its growth, this dependence is changing and will become a lesser factor for China as it continues to develop ties with other trading blocs and countries.

So .... for the moment .... the standard and culture of life is better in the U.S. .... but in the future .... if China can stick together .... my money will be on them.