Is China friend or foe?

China has been prolonging US's prosperity than the other way round:

1. They're our banker. The poorest country (at least at one time) lends money to the supposedly the richest country for gaining market.

It is a double-edged sword: like the modern-day opium that the Brits sent to China about 180 years ago. It increases your enjoyment at least temporarily, makes you addictive, bankrupts you, and finally kills you.

When China parks their money in US, it provides easy money and partially (a small part) causes the subprime melt down.

2. By allowing several corporations to survive like GM and some to prosper like CAT, Boeing...

3. We should be perfect partners as our major products do not compete with each other like farm products, movies, high tech. for their consumer products which would be produced in other low-wage countries if not from China.

4. Low-priced consumer products that our citizens esp. the poor enjoy.

5. Together with other hard working and educated citizens like Indians, they boost our college research and product development. Imagine Google, Microsoft, MIT or Stanford without Indians and Chinese.

6. Politicians can blame all our ills on China as they cannot fix our problems. They can blame China for not following American culture like saving too much and planning for 4 years max.