Americans benefit but are also threatened by the "China" price being set lower and lower. It is a good trend for consumers but not for manufacturers in Midwest America.
Click one of the "Listen" links to hear a discussion of China and its new face of global economic power.
Ted Fishman, contributing editor, Harper's Magazine. His cover story "The Chinese Century" ran in a recent issue of The Times Magazine
Orville Schell, Dean of the Graduate School of Journalism at UC Berkeley. He is author of nine books about China including "Mandate of Heaven: The Legacy of Tiananmen Square and the Next Generation of China's Leaders"
Jack Beatty, On Point news analyst and a senior editor at The Atlantic Monthly.
This program aired on July 14, 2004.