From The BusinessWeek: A new economic study says the U.S. gains plenty from its commerce with China, while admitting that disruptions are also significant.
America’s rocketing trade deficit with China has spelled misery for many U.S. factory workers and owners. And it raises alarms for economists and politicians worried about America’s deteriorating balance of payments. But take an eagle-eye view, and the trade relationship with China has been a huge blessing for the U.S. economy. That’s the conclusion of a study by Oxford Economic Forecasting (OEF), an independent economic advisory firm, that was released Feb. 2 by China Business Forum, a pro-trade business lobby.
