Relevancy?

If you've been living under a cave for the past couple of years (or just ignorant) this might strike you as strange. An economic boom in China? Its relevancy to the American economy may seem as trivial as a lunchtime choice between pb&j and tuna salad. Unfortunately for you, that tuna salad cost you both one lunch-card swipe and an upset stomach - metaphorically speaking. China's economic effect on the United States is more than just a passing phase, as it has pressed upon the United States economy since the late 1980s, if not before that.

Theories have sprouted out and about since the early 2000s with speculation over what the economic boom in China will do for the global environment, many leaning toward the negative:

"China is becoming the sucking force, taking raw materials from across the planet, because it alone doesn't have the resources it needs to sustain its growth"

Their predictions prove to be but words as China has made its name known to be the superpower of the global economy.

In the modern world, China is the fastest-growing economy, with average growth rates of about 8% every year over the past 30 years (in GDP). Still think that this all a numbers game? Think about it this way: Americans have grown dependent on China to provide cheap imported goods that help push up the standard of living. Any abrupt shift on the part of Beijing would threaten the stability of the US currency, considering that about two-thirds of China's foreign currency reserves are denominated in dollars.

Now look for something in your house that doesn't have 'Made in China' imprinted on the back. I'd like to see you try.