India refuses to side with US on trade imbalances

[oct605032048]

One thing to remember is that US is China's biggest trading partner??!! but if the US economy goes belly up, China will have a huge economic down turn not to mention a risk to China's US Debt holdings. Though with China making strong economic gains, its currency is due for appreciation. China's currency value is still at the exchange rate of the 90s that is 2 decades ago.

If you disagree please provide valid reason. This is Pakistani forum and you have a right to express your opinion. This thread is in context to trade by China as a country and its people are great.

Not for many years. EU is the biggest, US counts for just a little bit more than 1/10 in China's foreign trade amount.