History USA/China trading during Colonial times USA involved in China WWII and Chinese Civil War Korean War- USA fights Chinese Vietnam War- China supports Vietnamese Communists

Economy Pacific Ocean trade now exceeds Atlantic trade in $ value and total volume! USA China Trade Deficit-2012 $318B -means that the U.S. exported $122 billion in goods and services to China, while it imported over $440 billion. Is this fair? Pirating CD’s/DVD’s- 95% of all DVDs sold in China are pirated, costing the US $280 million last year. USA/China Debt-China owns $895B US $, 32% of our national debt (this kept interest rates and prices for Chinese goods low)

USA/China Cold War? USA helped China open up to World?(Napoleon) China feels surrounded by USA 1993 Serbia Embassy incident 2001 spyplane incident Taiwan issue Support of North Korea USA seen as “arrogant superpower”