Trade protectionism against China is on the rise in the United States. The Obama administration has brought trade cases against China at nearly twice the rate of the previous administration, and it is also creating a trade enforcement unit to investigate the "unfair trade practices" of China and other countries.
Despite being repeatedly proved wrong, proponents of the "China collapse" theory have been using it to win their share of the market. A recent article by Gordon G. Chang in Foreign Policy, a bimonthly US magazine, is one such example.
The Wall Street Journal published an article on Sino-US trade last year, arguing that the flow of goods from China has deeply undermined the United States. The article quoted three American researchers as having said that the economic compromises the US has had to make because of competition from China are far beyond people's imagination.
At the just concluded fifth annual World Future Energy Summit in Abu Dhabi, Premier Wen Jiabao made a speech outlining China's efforts to adopt clean technology and renewable energy. However, its coal dominated energy structure will remain difficult to change in the near future, as China is a big country with a low per capita income that requires a large amount of energy to support its ongoing industrialization and urbanization.
You've just been handed a $2,000-year-end bonus by your boss. Since your monthly salary is only $1,000, you are thrilled, right? Well, maybe not. Let's say that last year your boss gave you $3,000 and in addition you learn that everyone else on your floor this year got the same $2,000-bonus you did, including that guy who has only been with the company nine months and the woman who calls in sick nearly every other Friday.