Could China Dominate a New Asian Trade Bloc?

What's up and what's the hurry?

China's total trade volumes are expected to drop 20% this year largely because of the U.S. recession. Beijing has to keep exports growing to keep workers employed, and it needs commodities to turn into finished goods. China also needs other nations as customers and suppliers—if not the U.S., then Korea, Japan, Australia, and others will do.

Find out what China's strategy is and what the U.S. intends to do to remain competitive here.