From China with Love: Part II

If you think that the United States is the only country worrying about its huge trade deficit with China then you should read this article from the Indian Express. This report brings to light the fact that China will soon become a net world exporter rather then currently being a net importer. By itself this is not too terrible, what is worrying is the fact that soon almost every country in the world will have a trade deficit with China. Just in the first two months of this year China has run a $10.9 billion surplus, which is up $3 billion from the same time last year when their surplus was $7.9 billion.
In the end, this translates into political power for the Chinese government, which can use the debts it is owned due to the deficits, to push ahead its ambitious agenda to make China the lone superpower of the world.