I pray one day the People of China will be Free from Communist Oppression and we can have real Trade with them instead of Ubama's Soviet Commissars.
China would be about as well off as Russia today were it not for a prominent party leader who decided all the communist austerity stuff was bunk and said it would be glorious to get rich — not long before Richard Nixon smelled opportunity and paid China a historic visit. That’s probably better than being grindingly poor, even though the labor opportunities are not as nice as the norm in Western countries. China has “unions” but they are a mockery; they are state run guilds and the state forever gets the better end of the bargain. (Not that I’d lament it if something like that happened here and suddenly the SEIU was 0wned by the governments of California instead of vice versa.)
Barack Obama wants to make the USA worse off than China.