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A direct correlation: China's growth comes at the expense of U.S.: as China rises, American tumbles. That is the story told by a new report from the United States-China Economic and Security Review Commission describing the economic performance of the United States and China since China was admitted into the World Trade Organization in 2001.

Article Excerpt
In virtually every important economic indicator, China has been growing at exponential rates while the United States suffers death spirals in jobs, income, wealth and prestige. "You can't fudge the numbers," says Charles McMillion, president of MBG Information Services and author of the report, "China's Soaring Commercial and Financial Power: How It Is Affecting the U.S. and the World."

For the past 10 years, China's economy has grown four times faster than the U.S. economy, and the U.S. economy has grown slower than the world economy. An economy that is growing slower than the world economy should have a trade surplus, yet the United States over that period has racked up $6 trillion worth of deficits. China's surpluses have reached $2 trillion, a huge number for an economy with an annual GDP of $4.5 trillion....

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