American Morning

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April 10th, 2010
12:00 PM ET

China Rising: Opportunity or Threat?

Editor's Note: Before the turn of the century, it was considered a "no brainer" for U.S. businesses: you had to be in China. Fast forward ten years and you have to ask the question, "has China been good or bad for America?" This week in our American Morning original series "China Rising," we're assessing China's economic impact on the United States.

(CNN) – According to the U.S. Treasury Department, China holds $889 billion in U.S. treasuries. As a major lender, it is essentially the banker that funds our government and our recovery.

Gordon Chang, a noted China-watcher and author of "The Coming Collapse of China," explains in his own words why China is unlikely to dump its American investments, and in fact, may need America more than America needs China. Watch:

Filed under: Business • China Rising
soundoff (One Response)
  1. Brad

    Let's had over our industrial base to a communist country that abuses it's citizens, forces children to work in factories and are only using their new economic power to increase their military. While we doe that let's fire millions of Americans, nuke our own industrial base and allow companies to triple their yearly profits by forcing the middle class into part time only retail jobs like at Giant Foods and Home Depot. So, Wall Street is back on track but the rest of the country remains in the toilet. Anyone ever hear the word "revolution"?

    April 15, 2010 at 7:17 am |