In a recent study reported by the Federal Reserve of San Francisco, goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the [...]

When a foreigner buys something in China, in some cases, they find out that things will cost more than what the local Chinese will pay.  For example, the Chinese can book hotels at a lower price directly from China, although some hotels will say that this price will not apply to a laowai (foreigner).
 
Also [...]

If you haven't been to China, it will be difficult for you to understand how Chinese view 'quality' versus what an American finds as acceptable quality. For example, you can find shops, markets, or street vendors that will sell you a t-shirt for 5 RMB ($0.74) which will last maybe 1 or 2 washes. Chinese [...]

 
AS a national strategy, China is trying to build an economy that relies on innovation rather than imitation. Clearly, its leaders recognize that being the world’s low-cost workshop for assembling the breakthrough products designed elsewhere — think iPads and a host of other high-tech goods — has its limits.
So can China become a prodigious inventor? [...]

China now has more billionaires than any other country besides USA, according to Forbes Magazine. China mainland had 128 billionaires in 2009 (more if including Hong Kong) compared to 403 in the USA. In 2000, China had 2 billionaires and USA had 298.
Also, China increased to 4th in the world for number of millionaires to [...]

The main issue is jobs—in the U.S. and in China. We have an unacceptably high unemployment rate that doesn't look like it's going any lower. Wages aren't going up. At the same time, we have a very large trade deficit here, and the biggest piece of that is with China. So American politicians—and this has [...]

By now, everyone has  heard of Foxconn, the worlds largest electronic contract manufacturer owned by Hon Hai of Taiwan. Foxconn is famous for assembling Apple products, as well as Sony, HP, Nokia and others and also known for a string of worker suicides in their Shenzhen factory where they employ more than 400,000.
In June, Foxconn [...]

Tianjin, China
To visit China today as an American is to compare and to be compared. And from the very opening session of this year’s World Economic Forum here in Tianjin, our Chinese hosts did not hesitate to do some comparing. China’s CCTV aired a skit showing four children — one wearing the Chinese flag, another [...]

 
BEIJING – China will impose an anti-dumping duty as high as 105.4 percent on US broiler chicken products, effective from Sept 27, the Ministry of Commerce said on Sunday.
China found that the US industry dumped such products on the Chinese market, hurting domestic production, the ministry said. The tax rate will be 50.3 percent to [...]

Econ 001 
Ever since our financial meltdown, the US has been accusing China of 'currency manipulation'. These accusations are in spite of the fact that the Yuan has risen nearly 20% from 2005-2008 and the US imported at least as much in those years as we do now.
Somehow this just seems too simple to bother with [...]