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China produces a lot of plastics and junk stuffs. The dispensables and "extras" that consumers can in the most part forgo (electronics, decorative stuff, clothing/textiles, etc.).
In the US, we still produce most of our own food products, personal care items, medical items (drugs), and essentially most of the stuff for day to day living (we still mostly produce these things because there are heavy regulations on food, personal care (creams/lotions/tooth paste, etc.), and medical supplies).
Wal-mart has also moved into purchasing more of its produce from local/State farms. If people are just buying the "essentials"... America still won't be importing much from China.
America holds to benefit the most if China or other developing nations demand more durable large capital goods. America still produces most of those. Caterpillar, GE turbines, etc.
-chuck22b
I think GE turbine engines for aircraft are already made in China.
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