America and China - 881 Words

National economics are often adversarial in nature, a global contest where countries seek to gain advantage over their neighbors, all in the name of wealth and gain. America is no stranger to the game; the U.S. has been the world’s economic leader for the better part of a century. China, however, is the leading contender for the economic top-spot (), and America continues playing directly into China’s hand. America’s current trading posture with China is drastically skewed in China’s favor; if America is going to preserve its position as the leading economic power, existing U.S.-Chinese trading agreements will need to be revised, and additional regulations must be introduced to promote balanced dealing. The consequences of losing the†¦show more content†¦In reality, however, trade with China has economically compromised America. Unfair trading has caused U.S. exports to China to diminish, cost the U.S. millions of jobs, and caused the U.S.’s trade deficit to grow to record levels (Scott). Even balanced deals quickly bias to China’s favor through China’s market manipulation strategies. Free-trade, it seems, is neither fair nor impartial when one of the parties is not actually free, as in China’s case. Assuming China will not simply adopt a free-market to level the playing field while it is tilted in their favor, controlled trade should be introduced between the two countries in order to provide a balanced venue and mitigate the impact of state-controlled influence on the free market. At the heart of these issues is one disturbing fact: China does not play by the rules. China’s market is largely a state controlled participant in the otherwise free markets (Dorn 78). The situation has not gone completely unnoticed, in 2012 President Obama announced the creation of a Trade Enforcement Unit, specifically citing unfair trading practices in China (â€Å"Obama Announces†). Despite America’s first-steps toward economic defense, the speed at which American wealth migrates to China continues to increase (U.S. Census Bureau). OstensiblyShow MoreRelatedHomosexual Culture in America and China992 Words   |  4 Pageseyes. This paper is centered on homosexual culture especially in America and China. General concepts on homosexual Homosexual used to be the abominable crime not to be mentioned. in America. After the word â€Å"gay† emerged for years, a vast majority of American start to change their attitude. Now they retain a deep loathing toward homosexuals, but there is a growing mixture of tolerance, empathy or apathy. While the situation in China is almost the same. Subjected to conservative traditional conceptRead MoreDifferences Between America And China985 Words   |  4 Pages When we compare with America and China, we will find that there are so many differences between this two countries, and here I mainly talk about their difference in education in this paper. Throughout all kinds of points among their differences, we can sum up to six aspects: the study style, the importance of education, the method of teaching, examination and the purpose of education. First, American Education tells students that study is just to study for themselves for the purpose of makingRead MoreTrade Between China And Latin America1162 Words   |  5 PagesIn 1999, trade between China and Latin America totaled approximately $8 billion; by 2009, that number had had grown to $130 billion. 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Ikea also alteredRead MoreRelations Between the United States of America and China559 Words   |  2 PagesFor many years America has been considered one of the most powerful nations in the world. Along with having a strong army and navy force. America is also known for it wealth and the use of fossil fuels. China on the other hand got their money from the profit of other countries buying products from them. It is known that the U.S and china have a long history but in today’s economy America has been in a lot of recessions. Meanwhile in china still makes money off of the U.s from buying products andRead MoreA Comparative Study of Family Values Between China and America960 Words   |  4 PagesA Comparative Study of Family Values between China and America Introduction We were born into a familyï ¼Å' mature in a familyï ¼Å' form new familiesï ¼Å' and leave them at our death. Family life is a universal human experience. The family is among the oldest and the most fundamental of all human institutions. As we know that family is the miniature of the societyï ¼Å' and therefore different family values are the reflections of distinguishing cultures in different countries. In order to get the betterRead MoreThe Comparison and Contrast of Education Systems Between China and America1795 Words   |  8 PagesContrast of Education Systems between China and America The following essay will compare and contrast the education systems between China and America. The term Education System can be defined as† The system of formalized transmission of knowledge and values operating within a given society (Trade Chakra Website, â€Å"Education System in Malaysia†). In china, the education is divided into three categories: basic education, higher education, and adult education (China Education and Research Network Website