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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.
ECONOMIST: Economics focus
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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.
FORBES: The Things China Buys From The US
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Most of the future smartphone volume growth is likely to come from the emerging markets such as China and India as the wireless market in developed countries gets saturated and carriers there look to lengthen the smartphone upgrade cycle to lessen the subsidy impact.
FORBES: Qualcomm Can Dial Up $70 Despite Slower Growth