Sino-American Economics in the days to come

My second cousin,a scientist in the field of Physics living in Germany with Ph.D. and Sc.D. sent me the following:
"The most important nation in the world for the USA is not UK,Germany,Saudi Arabia,Russia or Iraq. China holds that distinction,it is also the nation the US can least do without. Without its willingness to buy an almost unlimited supply of US Treasury bonds,there would be no American spending miracle. Without a spending miracle there would be no economic growth. In other words, without China the US superpower would lose a significant share of its economic clout. The Americans receive Chinese products with the gap about $5 billion a week." My comment: Chinese goods are less expensive and American consumers want to pay less for bargains. China's foreign exchange reserve is about $1.4 trillion. Cf."Economist" magazine,a useful reference to get the up-to-date info about China's economy.
My comments for the mutual benefits of USA and China: To motivate and to encourage the training of skilled labor force to enhance productivity in the long run. Such policy would be desirable for two nations to cooperate and collaborate on both sides of the Pacific. "Keys for Economic Understanding""Keys to Economic Understanding" and "Work and Study Cycle Theory" ( Cf.www.ask.com or A9.com for details)Plus "The Future of Community Colleges"published by the Congressional Record,July 18, 1974 and "Macroeconomics of Stabilization" published by White House Conference on Balanced Economic Growth in August 1978. Such works may be useful references for the humanity in the 21st century I am a student of economics since l940s in the 20th century. Francis Shieh aka Xie Shihao on Thursday,Nov.15, 2007 at 6.25 a.m.