The economic relationship between China and the United States is the defining issue of our day.

Book:

SUPERFUSION: How China and America Became One Economy And Why The World's Prosperity Depends On It by Zachary Karabell.

I found an important perspective from this book in Foreign Policy Magazine.

"These old ways of approaching the world -- these us-versus-them dyads -- are not just benign anachronisms. Clinging to them can and will have serious consequences, most of them negative. The current global economic system is unlike anything the world has known before. National economic data do not capture the mutual interdependence and exaggerate the quaint, and false, idea that each country is its own economic island. The longer we cling to old theories and past precedents, the longer it will take to grasp what is going on. The fusion of China and America is more important to divining what the future holds than most of the economic and political theories that have guided governments, academics, and business leaders over the past century."