China and U.S. Relations

    The U.S. president Barack Obama and the Chinese president Hu Jintao will have a meeting tomorrow in order to discuss issues regarding trade, currency, and other issues. This meeting is very important since both the U.S. and China have an important relationship with each other. Currently, China is the third biggest importer of U.S. goods loosing only to Canada and Mexico. Besides buying many of U.S. exports, China is also the biggest investor in the U.S. Currently, China is responsible for a quarter of all the investment done on the U.S. which helps the U.S. to step out of the current recession it is experimenting.

    Because the U.S. depends on China for its money and investment and because China depends on the U.S. for many of the goods it imports and so a positive relationship between them would be beneficial. The meeting between president Obama and president Hu Jintao will be very important for the development of both nations and for their future economy

Full story at CNN.com
http://money.cnn.com/2011/01/18/news/international/why_china_matters/index.htm?hpt=C1