Is China your daddy?

By RICK NEWMAN
U.S. News & World Report

Filed 12.4.06

Every economist will tell you that China's surging economic growth has a direct effect on U.S. consumers. But how, exactly? Sure, cheap Chinese imports help lower our shopping bills. But Communist Party ministers in Beijing also touch the average American through more abstruse things, like what they do with foreign-exchange reserves and currency valuations.

(Click & Read on courtsey of U.S. News & World Report)