China: Good for US Economy?

Thursday, January 20, 2011

President Barack Obama toasts with Chinese President Hu Jintao during a State Dinner in Washington, D.C. January 19, 2011. (MANDEL NGAN/AFP/Getty)

Politicians often use "China" as a code word for job-stealing, economy-busting or general wrongdoing. But President Obama stressed the importance of a strong relationship between the two countries during Wednesday's joint press conference with China's President Hu Jintao. Obama described the U.S.'s economic relationship with China as "positive" and "constructive" while touting the $45 billion export deal he cemented during President Hu Jintao's visit. Today we look at how we have benefited from China’s growing economy.

Daniel Rosen, Principal of the Rhodium Group, an economic advisory company, and a fellow at the Peterson Institute for International Economics helps contextualize the relationship. And Corey Mehaffy, President of the Moberly, Missouri Economic Development Corporation, talks about how China has specifically benefited his company in Missouri.

Guests:

Corey Mehaffy and Daniel Rosen

Produced by:

Jillian Weinberger

Comments [3]

Christine Freitas from Rochester, MA

I can't understand why America continues to be an aspiring third world country. I lived in China for the past 6 years and I would not want America to have the economy or the lifestyle of most of the local Chinese. Why does America want to go backwards? We are leaders in aerospace, software, entertainment, and biotech. Why would we want to take back the manufacturing jobs that are going to other countries. Let's go forward and be smarter, better and stronger than before.

Jan. 22 2011 08:09 PM
nycosmo

did your introduction to this piece actually call China a "job-killer"?

Jan. 20 2011 08:17 AM
Susan Evans from Bronx, NY

Those members of Congress who vote against health care should begin by refusing to accept the health package provided by the government, since they object to us having to pay for it.
Let them put their health care on the line first.

Jan. 20 2011 07:51 AM

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