How has China impacted our current U. S. economy and what does the future hold for us?

Question

How has China impacted our current U. S. economy and what does the future hold for us?

Answer 1

Inexpensive labor in China has made it possible for us to import goods  less expensively than we could otherwise. As the Chinese market gets larger and more prosperous, they will represent a huge market for many goods and services that today are not affordable. This growth cycle is paralleling the Japanese growth form 1950-present.

Answer 2

China has impacted our current economy because of the enormous trade deficit we have with them. We seem to be buying everything from them today.

The greed of our corporate leaders have taken many of our manufacturing jobs to China where labor is so much cheaper so they can make more money.

Pretty soon there will be very few manufacturing jobs in the U.S. and everyone will be in service jobs.