maybe like china is the biggest foreign supporter propping up USD status as the main reserve currency, which also allow lazy americans to live beyond their real economic capability.
Exactly, some economists estimated that China has contributed to the world economic growth tremendously over the past 40 years. Contributing in bringing down the Soviet union.
The deflationary affects of the "China price" alone is worth at least half a % on growth rates for the west.
And so much is talked about trade imbalance, particularly be USA and the West. (Except for Germany, which enjoys a trade surplus with china). But quietly forgetting to mention (intentionally) there is the other sides of this and that is trade in services and remittances. After all, the total of this is called balance of payment. Which to us accountants means accounts has to balance. Meaning like GM is selling more cars in China than USA, where do all those profits go?