Business, Economics and Jobs

China: good for US economy

Politicians often use ?China? as a code word for job-stealing, economy-busting or general wrongdoing. But President Obama stressed the imporatnce of a positive relationship between the two countries during Wednesday's joint press conference with China's President Hu Jintao. Obama described the U.S.'s economic relationship with China as "positive" and "constructive" while touting the $45 billion export deal he cemented during President Hu Jintao's visit. We look at how we have benefited from China's growing economy?

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Daniel Rosen, Principal of the Rhodium Group, an economic advisory company, and a fellow at the Peterson Institute for International Economics helps contextualize the relationship. And Corey Mehaffy, President of the Moberly, Missouri Economic Development Corporation, talks about how China has specifically benefited his company in Missouri.