Foreword
In 2008, bilateral trade between the United States and China reached $409 billion, making China the second-largest U.S. trading partner (behind Canada), the third-largest U.S. export market, and the largest source of U.S. imports. In the years since China joined the World Trade Organization (WTO) in 2001, the economies of China and the United States have become increasingly intertwined — China depends on the U.S. market for the goods it produces and the United States relies on China for inexpensive imports and as a financer of U.S. Government debt (through the sale of U.S. Treasury bonds). Despite their increasingly close…
