Key Points From US-China Economic and Security Commission Report

The US-China Economic and Security Review Commission (USCC) came before Congress today, to deliver a report detailing national security and economic revelations from the ongoing relations between the US and Republic of China.

Key points taken from the 324 page report:

1. China surpassed Japan as the #1 largest economy in the world
2. China continues to maintain an export driven economy
3. China continues to undervalue their currency and choose not to revalue the Renminbi
4. China is the largest foreign holder of US debt through US Treasuries
5. Into August 2010, US trade between China saw a $173 billion trade deficit
6. China is continuing to improve its air and missile defense programs
7. China is attempting to pull Southeast Asia into its sphere of influence
8. China and Taiwan are continuing to improve their relations
9. China and Hong Kong continue with tensions
10. China has set ambitious goals for renewable energy by 2020
11. China has invested in wind, solar, and battery power
12. China has the most Internet users in the world estimated to be 420 million
13. China has over 364 million broadband users
14. China has only 30% of its population using the Internet
15. China has over 800 million cell phone subscribers
16. The US has over 75% of its users connected to the Internet
17. China continues to censor inbound/outbound Internet activity
18. China has tools in place to control content and the scope of any conversation
19. Baidu.com serves as an arbiter of Chinese content

Source:2010 USCC US China Security and Economic Report

About Kerry Kobashi

Kerry is the founder of KerryOnWorld. He lives in Silicon Valley and has worked as an engineer and project manager. He owns Kobashi Computing a consulting company.