Perspective: Why Americans shouldn’t fear China’s growing economy
Trucks at a container port in Qingdao in eastern China's Shandong Province. By Graeme Mack Graeme Mack is a doctoral candidate in history at the University of California, San Diego. April 24 No country is more central to American economic anxieties than China. The nation represents serious economic competition — its rise looms on the horizon, challenging the United States’ status as the world’s largest economy, portending and reinforcing fears of American decline.
To most Americans, the insatiable demand for Chinese products seems like a relatively recent phenomenon, a function of the post-1970s desire for cheap disposable consumer goods. Some leaders fear that American consumption habits will cause irreparable trade deficits. However, this view that American consumption of foreign goods has reached unprecedented levels stems from a myopic understanding of U.S.
Americans keenly responded to the demands of China’s markets and avoided the more abrasive tactics of their navy-backed British rivals. They traded with Native Americans for sea otter furs, Hawaiians for sandalwood, Mariana Islanders for sea slugs — whatever items China most coveted. Some American traders even donned Manchurian hairdos and silken robes. They courted Chinese merchants and went into business with them.
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