Visit the U.S. Government Web site TradeStats Express: http://tse.export.gov/TSE

Visit the U.S. Government Web site TradeStats Express: http://tse.export.gov/TSE/TSEReports.aspx?DATA=NTDBased on the data provided create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period. In your discussion include an analysis of the effect of such trade balance on the economies of China and the U.S. both individually and comparatively. Justify your discussion and analysis by using appropriate examples and references. Include in your report an analysis of the impact on the U.S. economy of the situation where China holds such a large amount of the U.S. debt.