America the Gutted: How big of a problem is China?
So the results of a Pew Research Center survey this week should come as no surprise: Americans, by a large majority, fear China's economic prowess.
Examine these numbers:
According to Pew, 59 percent of Americans view China's economic rise as a threat, versus the 28 percent who are more troubled by China's military power.
Sixty-six percent view China as a competitor, versus the 16 percent who see Beijing as a partner.
Seventy-one percent see US job losses to China in that same light, while 61 percent believe the US trade deficit with China is a serious problem.
We have met countless people across the United States whose jobs are now being done by Chinese workers. They are, naturally, concerned about these developments.
"I wanted to keep a nice steady job until I retired," one US ironworker told GlobalPost. "What I want to do now is not get laid off anymore."
We have also met workers in China, many of whom are today working long, tiring hours and who have little sympathy for what this trend means in America.
And while China certainly owns large amounts of US debt, that figure is only about 8 percent of the total — making Beijing the third-largest holder of debt, behind the US Social Security Trust Fund, and the US Federal Reserve.