| It's a global economy. I take it you all agree on that. I have a question for you: "With respect to importing and exporting, how important is it to be in balance, or to have trade surplus (versus a trade deficit)?" China's strategy is aimed at ensuring it maintains a trade surplus. They have succeeded for centuries. China will export more than it imports. And the US? Its strategy is to look for the cheapest labor and goods to "exploit", whereever those may be found. What do you think? Which is the better strategy? Does trade balance matter? As for this article, I have no idea what this guy is on about. The US is primarily a buyer. China is primarily a seller. If you accept that as true, then the US's "credit" is important. And who do you think decides whether a buyer's credit is good? Would you keep shipping goods to a buyer who could not pay? |