The China Effect

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The 27-page report below is six years old but still relevant and worth a read.  From Oxford Economics:

Increasing trade and investment links with China are generating substantial benefits for the U.S. economy, boosting GDP by about 0.7% by 2010 and reducing prices by 0,8%. Together, these equate to an increase of $1,000 a year in average household real disposable income.

Download and read the entire report here.

As the report says, "Despite the growing US-China trade imbalance that has been capturing headlines, the long-term benefits to the United States of trade with China are substantial and likely to endure."