Their trade surplus is only $12 billion. They are voracious consumers. “China’s exports in the first two months of 2006 rose 25.5 percent from a year earlier to $119.2 billion, while imports rose 27.4 percent to $107.2 billion, producing a trade surplus of $12 billion.”
When the US consumer’s housing credit card (incorrectly called the housing ATM) is out of credit, to whom will China sell their products? As the US goes into recession, won’t China follow suit?