>Good for china , bad for most of us, because there is a hidden cost to all these cheap stuffs , it's called debt. It's not bad for the US because China owns t

>Good for china , bad for most of us, because there is a hidden cost to all these cheap stuffs , it's called debt. It's not bad for the US because China owns treasuries. They never gave China any leverage over the US. It's bad because buying those treasuries pushed the value of the dollar up and the yuan down. That's why the pearl river delta is the richest conglomeration of manufacturing industries in the world, and factories are being closed left, right and center in the US. And one day it will be as hard for the US to bring that manufacturing base home as it was for China to build it up in the first place. That's when the US is really screwed.