![The U.S. has a somewhat checkered history with China. The U.S. was at odds with China during its communist rule. This tension nearly culminated in all-out war during the Clinton administration, when the U.S. vowed to defend democratic Taiwan. Since the fall of communism, relations between the U.S. and China have cooled, fostering in a new era of economic alliance. Now, although our economy and our lifestyle greatly benefits from the cheap labor in China, the human rights policies and environmental issues clash with the U.S. standards. The government in China is somewhat of an anomaly; although China has a market economy, freely trading with foreign nations such as the U.S., there are many restrictions on free speech, immigration, religion and freedom of assembly. ,[object Object], As the market economy and worldwide influence of China grows, so too does the nation's significance to the U.S. economy. China's manufacturing industry is highly productive, exporting goods to many Western markets, including the U.S. But the U.S. reliance on China is actually twofold; not only are we one of the biggest consumers of Chinese goods, but China is also one of our biggest creditors. Function In the case of China, one of the greatest contributors to the U.S. indebtedness to China is the fact that the U.S. purchases far more goods from China than China purchases from the U.S. Demand in the U.S. for Chinese goods outweighs demand for U.S. goods in China by nearly 500 percent, according to the "Washington Post." With fewer goods to return in kind and a falling dollar, the U.S. has, in essence, been buying Chinese goods on credit. Also contributing to the amount of U.S. debt that China holds is the amount of money that the U.S. borrows from China to raise capital for other government spending. Historically, buying U.S. government bonds has been a safe investment, since the risks of the U.S. defaulting on the loan have been very low, while the chances of the dollar increasing in value have been high. As the U.S. hits rough patches in its economy--such as the subprime mortgage crisis--and needs to raise money in an attempt to steady the turbulent market (the massive bailout of investment banks and financial services companies, for example), it can turn to other nations for extra spending power. This stimulates the consumer economy, because loans a United States buys, on credit adding to the national debt, about five hundred percent more goods from China than China from United States according to the "Washington Post". The trade with China and the United States is a twofold situation, cheap Chinese exports help keep American's buying power strong,bringing the United States and China into a better economic relationship.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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- 1. C H I N A Group Members: Katherine Welty Tiffany Jung Rosa Ortiz
- 3. DEMOGRAPHICS. The Chinese American community is the largest ethnic group of Asian Americans, comprising of 22.4% of the Asian American population. They constitute 1.2% of the United States as a whole. In 2006, the Chinese American populatin numbered approximately 3.6 million, nevertheless, there were about 1.6 million foreign born from China. The New York metropolitan area is the home of the largest Chinese American population of any metropolitan area within the United States, comprising significantly over 600,000 Chinese Americans as of 2009. The foreign born from China is the third-largest immigrant group in the United States. More than a quarter of all Chinese foreign born in the United States arrived in 2000 or later. Two-thirds of Chinese immigrants in 2006 were working-age adults. Women accounted for the majority of the Chinese-born population living in the United States in 2006. Over half of Chinese immigrants were naturalized US citizens in 2006. Nearly two-thirds of Chinese immigrants in 2006 were limited English proficient. Two in five Chinese foreign-born adults had a bachelor's or higher degree. Chinese immigrant men were less likely to participate in the civilian labor force than foreign-born men overall. Nearly one-quarter of Chinese-born men were employed in management, business, finance, and information technology occupations. Chinese, mostly of the Cantonese variety is the third most-spoken language in the United States, almost completely spoken within Chinese American populations and by immigrantes or their descendants, especially in California. Over two million Americans speak some variety of Chinese, with Standard Mandarin becoming increasingly more common due to immigration from mainland China and Taiwan. In New York City at least, although Mandarin is spoken as a native language among only ten percent of Chinese speakers, it is used as a secondary dialect among the greatest number of them and is on its way to replace Cantonese as their lingua franca. In addition, the immigration from Fujian is creating an increasingly large number of Min speakers. Wu Chinese, a Chinese language previously unheard of in the United States, is now spoken by a minority of recent Chinese immigrants, who hail from Jiangsu, Zhejiang and Shanghai. Althougn Chinese Americans grow up learning English, some teach their children Chinese for a variety of reasons: pride in their cultural ancestry, desire for easy communication with them and other relatives, and the perceptiion that Chinese will be a very useful language as China's economic strength increases.
- 4. Chinese dragon boat racing occurs during the Duan Wu Festival.
- 5. Chinese literature has a long past. The earliest classic work in Chinese is the I Ching or “Book of Changes”. This dates to around 1000BC.
- 6. Other popular sports in China include martial arts, table tennis, badminton, and most recently, golf.
- 7. The People's Republic of China (PRC), commonly known as China, is a country in East Asia. It is the most populous state in the world with over 1.3 billion people. China is ruled by the Communist Party of China under a single-party system. The PRC's capital is Beijing.
- 8. At about 9.6 million square kilometres (3.7 million square miles), the PRC is the world's third- or fourth-largest country by total area,[15] and the second largest by land area.[16] Its landscape is diverse, with forest steppes and deserts (the Gobi and Taklamakan) in the dry north near Mongolia and Russia's Siberia, and subtropical forests in the wet south close to Vietnam, Laos, and Burma