posted on Jan, 20 2011 @ 01:23 PM
The US economy grew by roughly 3% last year. China's grew by 10%.
In the US, the budget deficit for the fiscal year 2009 was a whopping $1.42 trillion. China had hundreds of billions of dollars worth of budget
surplus in 2010.
The US national debt just reached 14 trillion dollars and the country is paying interest on it at some $250 billion a year. Much of that money is
being paid to China, its biggest creditor.
Some, especially in the US say China is at fault for keeping its currency artificially low to make its cheap but quality goods even more competitive
on world markets – others vehemently disagree.
Both US and Chinese companies complain that they face obstacles when trying to enter each other’s markets directly, without a local partner.
2. System of governance or Obama vs Hu
3. People and businesses
5. Defense and security spending
Check out the link for the full details.
edit on 20/1/11 by NonKonphormist because: to do editing type