The future of China... which path? What's all the talk about China about? We have heard that its economy has grown enormously and every day we read something new in the newspapers. Is everyone afraid that China's rapid growth and powerful economy will surpass the United States? Well, some people do and others don't really think it's likely. What do I think? Be careful, China's future will come as a shock to almost everyone. Never underestimate the power of the dragon. The year is 2001. China enters the World Trade Organization (WTO) and the Americans give way to the new "Asian power". China has been growing at 9% per year for more than 25 years and is recorded as having the fastest economic growth rate in history according to an abstract by Peter Katel in CQ Researcher. With exports increasing from 38.8 to 196.7 billion (a 400% increase) from 1994 to 2004 to the United States alone, it is no wonder why China has gained new popularity in the business world. In the same article Peter Katel goes on to say that two-thirds of the world's copiers, microwave ovens, DVD players and shoes are made in China. With this powerful advantage that China has, its promising future does not seem that far away. The chart on the left shows US merchandise trade with China. As you can see, U.S. exports to China declined and imports from China increased dramatically from 1994 to 2004. With its 4,000 skyscrapers in the financial capital, Shanghai, and an ever-growing economy, China could do more than to “recover” in the United States. It may seem ironic that the country that has a replica of our “42nd” is also increasingly competing with our economy and it may even seem that China is the “little brother” of the United States, but how long will all this last? For? Can the US keep up soon enough? This is the direction China appears to be headed. But what makes China the largest exporter of goods in the world? Bartlett, a businessman referenced by Peter Katel in his article, states that “China's unbeatable price is due not only to low labor costs but also to unethical business practices.” According to the 2005 article, Congress has yet to pass more than a dozen pieces of legislation that would allow the ¥ yuan to “float” in global currency markets, allowing free market forces to set its value..