How Much Does China Influence the U.S. Economy?
The "Apocalypse Du jour" in the media is the current state of the Chinese economy, which, over the last five years (not the last five weeks), has been slowing from about 9% per year to about 5% per year. Or, as some in the media call it, "PLUMMETING".
So why have recent earnings reports from U.S. companies in the last few days been overall higher than expected?
This may give some perspective: according to this recent report from Wells Fargo exports to China are only 7% of total U.S. Exports:
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