In one word the relationship between the two countrys can be summed up as bitter-sweet .
The two are very great patners of trade and this goes back to the 1800’s. China currently has a very fertile ground to overtake the United States as the largest economy in the world and experts say it is just a matter of about 20 years before that happens. President Obama has particularly had a strong interest in doing business with China evidenced by events climaxed by the visit of China’s president Hu Jintao to the United States.The Obama’s adminstration is increasingly concerned with China’s massive exports which increase US trade deficits. Several talks have been held to foster cooperation on issues such as climate change and nuclear standoff. The two nations are responsible for 40% of the world’s carbon emmissions, a staggering fact by all measures but showing why the two nations should cooperate fully.
The one obstacle to a smooth relationship between China and the United States is the currency issue. China has been accused of manipulating its currency to gain unfair ground in international trade. That aside, the two countries’ complete cooperation would be a benefit to both.It is unbelivable how the Chinese population can provide a market for American goods, and at the same time Americans would be ready to invest more and more in China. Starbucks is a testimony that Americans are ready to invest there.