The favored nation trading status of China has pissed me off for some time. Now, we are in an even more muddled situation with China owning so much of our debt (Thanks Shrub)

Obama has a huge problem on his hands with China. How it's best solved? I am not sure...it is a complex economic issue. On a personal level I avoid Chinese products as much as possible.

What do you all think the answers are to this muddle with China?

Don't undo Bush's work, China tells Obama
Wed Jan 21, 2009 10:45am GMT
By Lucy Hornby

BEIJING (Reuters) - Chinese state media urged new U.S. President Barack Obama not to ignore the "hard-earned progress" in ties made by George W. Bush, even as websites censored inauguration speech references to communism and dissent.

The China Daily praised Bush for laying "a decent foundation for one of the world's most influential relationships", between the United States and China, which it described as a fine bequest.

"After decades of dramatic ups and downs, the once volatile relations are just beginning to show signs of stabilizing," it said in an editorial.

"To many, former President Bush's eight years at the helm of U.S. foreign policies were full of disappointments. The yet-to-be-justified war on Iraq, for one, proves an outstanding discredit to his country and himself. President Obama vowed to put an end to that. Which is correct, and overdue.

"Yet let us be fair and honest -- the Bush years were not devoid of merits. Anchoring relationship between the world's single superpower and the largest developing country is no easy job. But the Bush administration managed it."

The Strategic Economic Dialogue had turned out to be an "invaluable platform" for high-level communication. "Now, people wonder if its fifth session in Beijing early last month was its last."

Article continues here: http://uk.reuters.com/article/reutersComService_2_MOLT/idUKTRE50K09520090121