Some economists argue that as China gets richer it needs to allow its real exchange rate to rise, in order to reap the full gains of its economic success.
LeBron is a young man who has had only a little exposure to China, but he gets it.
Second, Venezuela's crude is too heavy and too sulfurous for China's refineries once it gets there.
Founded in 1973, Cloud Gate (it gets its name from China's oldest dance, dating back 5, 000 years) is on a nonstop voyage through world cultures, fusing tai chi, meditation, Chinese opera, modern dance and ballet into an art form that has captivated international audiences.
This implies that it is natural for China's exchange rate to be below its PPP, but as it gets richer and productivity rises, its real exchange rate should rise.
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But while U.S. trade to China is increasing as China consumers get richer, and their currency gets stronger, it is miniscule in comparison to what the U.S imports from there.
It is the question anybody who has lived in China gets from people making their first trip over: What books would you recommend?
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Kerstin Voigt accepts that China can mass produce cheaply, but says her company gets its edge because it tailors instruments to the needs of musicians.
That was up a respectable 16% from 2006, but it is less than half the sales that IDC figures Microsoft gets from China.
Like the U.S. and other Western countries, China is determined to diversify its energy supplies away from the volatile Middle East region where it currently gets 60 percent of its oil, to areas in Africa, South America and even North America.
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