Are US-China relations key to narrowing US-Asia trade gap?
In the first seven months of this year, America’s trade deficit with Asia came in at $241 billion – nearly two-thirds of its total trade gap. That was the contribution America’s feeble domestic demand made to the fastest-growing segment of the world economy.
And this is by no means an exceptional event. Last year, for example, Washington’s net contribution to Asia’s economic growth was $426.4 billion, or 58 percent of its total shortfall in trade of goods and services with the rest of the world.
http://www.cnbc.com/id/101109100
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