"The U.S. China-Business Council’s website highlights America’s burgeoning trade imbalance over the last decade. In 2001, the U.S. ran up a deficit with China of $83 billion. By 2010 however, that number had more than tripled to $273 billion – the largest trade imbalance the U.S. has ever had with a single country.
So as the U.S. suffers from a trade deficit, how does China enjoy its trade excess?
Well, a good deal of that money is found in its domestic infrastructure projects. As an old China hand, I can tell you that around the country China is building out everything from its national road network and subway systems, to its airports, trains and bridges."
So as the U.S. suffers from a trade deficit, how does China enjoy its trade excess?
Well, a good deal of that money is found in its domestic infrastructure projects. As an old China hand, I can tell you that around the country China is building out everything from its national road network and subway systems, to its airports, trains and bridges."
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