China's Impact on California Business

When we talk about high world oil and steel prices, the conversation inevitably turns to China. When we talk about the U.S. record trade imbalance, again the conversation turns to China. Record port activity? Cheap goods in Wal-Mart? China. The source of the high-skilled immigrants who work in many of our nation’s most high-tech industries? Yep- you guessed it, China again. China’s influence on the U.S. economy is undeniable, hence understanding what is happening there is invaluable for understanding what is going to happen here in California.