China's Economy Is Strong: Despite this growth, China is still a
relatively poor country. Its economy only produces $9,100 per
person, compared to the GDP per capita of $49,800 for the U.S.
This low standard of living allows China to pay its workers
less, making its products cheaper, which lures overseas
manufacturers to outsource jobs there. (Source: CIA World
Factbook, China Economy latest figures) China's Economy Depends
on Exports to U.S.: China ships 17% of its exports to the U.S.,
creating a $315 billion trade deficit in 2012. While China needs
the U.S., it's increasing its trade with Hong Kong (14.1%) and
Japan (7.8%). It's encouraging trade with African nations,
investing in their infrastructure in return for oil. Finally,
China is increasing trade agreements with other Southeast Asian
nations, and with many Latin American countries. What Does China
Export?: China Is the Biggest Banker to the U.S.: China
temporarily cut back on its holdings after July 2011, when it
held $1.173 trillion. By June 2012,