Your first link does not support your claim that trade with China is increasing. Latest data given is for 2009 and net trade was DOWN by 10.6% and that is the first absolute decrease in more than a decade. Joe American is trying to save or reduce his debts so not buying so many unneeded junk items from China now. I.e. US imports from China, according to your link, were DOWN by 12.3% This is also the first time with an absolute decrease. China’s trade volume with other Asian nations is growing at least as percent of the total, as I stated. In part this is because China has signed free trade agreements with eight other Asian nations and is currently negotiating 5 others. For example of the effect of this, in 2010, the US ceased to be S. Korea’s principle trading partner as China now is. I have long predicted that the US, with it fertile mid west and abundant coal will become mainly a economic colony of Asia, especially China, supplying it with raw materials, energy, and food stocks. (as Brazil will become too.) Brazil now has China, not the US as it principle trading partner. Your link also shows that this US transition to an Asian colony is already becoming a reality: For example US exports to China of food oils /soy beans were up 26.5%.; Plastics (oil made mainly as energy in desguise) were up 14.1%; other organics were up 15.1; pulp/paper up 9.4% were the big increases, but US industrial goods exported were down. I.e. machines (excluding generators) were DOWN by 16.8% and power generation equipment DOWN by 13.8% but the net exports were down by only 2.6% thanks to China using the US, as I predicted, as a supplier of food stock and raw material (and energy too, in the form of plastics and organic chemicals). Unfortunately your link does not break out US coal exports, but they are up ( I know that as I have shares in Union Pacific railroad and have seen a break out of their increased rail car loadings. I bought them as I knew that China would need them to ship coal and agricultural products to West coast ports and that volume has greatly increased, now limited only by the number of rail cars available, so UP is ordering many more.) Coal exports to China in 2011 will greatly increase mainly due to the flooding in Australia which normally supplies 1/3 of the world’s coking coal, mainly to China. – World’s greatest user and producer of steel. (A lot of steel is going into new high rise buildings, high speed rail, and large-diameter trans-continental oil and gas pipelines). --------------- Second sentence of your second link is: “China grew sales of computers to the U.S. by 13% while buying 27% more imported American soybeans.” Which also supports my prediction that US is switching from being a producer of high value added exports to a supplier of low value added exports while importing ever more electronics etc. I.e. US is already well on it way to becoming a competitor of Brazil, Australia, & Canada as an economic colony of Asia - supply them with raw materials, food stocks and energy (in energy intensive products mainly, except for Canada who will ship oil). China will use these four as Great Brittan did its colonies in the last century – As markets for its high value added goods and supplier of low value added imports needed to make its exports, but most of China’s high tech exports will go to other Asian countries as they prosper and US and EU lose their buying power. For example, Vietnam will sell rice and bicycles to China and buy Cameras, cell phones, and computers, etc. from China. ------------------ Your third link states: “When China established diplomatic relations with the EU in 1975, annual trade was at 2.4 billion U.S. dollars, the volume of about two days between two sides this year. In the past 35 years, trade volume has grown over 150 times. …” Yes, the EU has for at least two year been more important than the US for China in trade. In general, as it is a larger market and as China wants to hold fewer dollars and more Euros in its reserves, China is now financing EU buying, as it once did (and still does to decreasing extent) for the US, with ever increasing loans to EU governments. SUMMARY: Your own links refute most of your claims; I do however expect the US trade deficit with China to continue to decrease as China lends less to broke Uncle Sam to finance his buying of Chinese products and US exports ever larger volumes of low value added raw material and food stocks – I.e. the present transformation of the nature of US’s export will continue, until US is basically a colony of Asia. Perhaps in five years the US will have a trade surplus with China, due to China’s continued buying of soy beans etc and US not being able to afford China’s high value exports. I.e. your "was 1:6" then in 2009 "was 1:4" may become 1:2 soon and then 1:1 but this does not support your claim - That only shows that US is on its way to becoming a colony of Asia only able to pay for Hi-Tec Chinese imports with its exports of low value added materials. (Like the relationship of India to Great Brittan a century ago had basically a 1:1 trade ratio.) Much too much ego here. The US is not God's permanent gift to the world. As I posted at least 4 years ago, and have repeatedly explained why, there will come a day, (less than 5 years now) when it is to China's long term economic advantage (despite the one time loss on dollars remaining in its reserves), to say: "Go to Hell USA. We don't need to sell to you so will not lend you money. Your green paper is worthless." China will enjoy great saving EVERY YEAR on the cost of oil & raw materials it must import when US &EU are mostly removed as bidding competitors by their depression. That answers your question as to "what use it will be to have the US & EU in depression?" You need to look at what China is buying in the US. Things like companies with shale oil extraction technology, not for the natural gas they will produce, but to get their hands on that technology. They would rather own grain storage facilities, etc. than hold declining value dollars. They tried, but were not allowed to buy UniCal a few years ago as it has large oil reserves. etc. Chinese company bought the brake division of GM and another IBM's computer division and moved them to China. Yes, China is willing to spend dollars from reserves buying in the US so long as it gets technical knowledge it needs or assets that will still have value even when the US economy collapses, but China will not be buying stores like Macy or toll roads or football teams, etc. that will not have much value when US is in depression. PS to adoucette, Electricfetus and others critical of me (but not my facts): I’m sorry if in your opinions my telling unpleasant facts and making predictions based on the trends shown in them makes me “Anti-American” a “hater of the USA,” etc. but I cannot be an ostrich like many Americans are and only glory in the US’s past dominance.