The U.S. trade deficit jumped to the highest level in 10 months as an improving U.S. economy pushed up demand for imports. However, exports rose as well, boosted by a weaker dollar, supporting the view that American manufacturers will be helped by a rebounding global economy. The Commerce Department reported Tuesday that the trade deficit jumped 9.7 percent to $36.4 billion in November, a bigger imbalance than the $34.5 billion deficit economists had forecast. U.S. Trade Deficit Jumps 9.7% to $36.4B - CBS News NEW YORK (CNNMoney.com) -- It looks as if China still can't get enough of one of America's finest exports: our debt. Despite some public chastising in the past few months by Chinese officials about how much the U.S. government is spending to get out of the recession, the latest figures from the Treasury Department show that China has continued to buy up U.S. bonds this summer. As of the end of July, China owned $800.5 billion in U.S. Treasurys. That's up $24.1 billion, or 3%, from the prior month and follows a slight dip in China's holdings from May to June. China keeps buying U.S. debt. But how long will that last? - Sep. 16, 2009 China's space program is poised to surge ahead at a brisk pace in 2010. In fact, over the next 12 months, China's activities in space may be such that when all is said and done, 2010 could well rank as one of China's top years thus far in terms of the total number and variety of missions launched. Part of the reason for this is the sense, created by reports that two or three major Chinese space programs are running behind schedule, that China has some catching up to do. This might help to explain the rapid sequence of launches of the Yaogan VII and Yaogan VIII remote sensing satellites by China last month. Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business. WUXI, China President Obama wants to make the United States the worlds leading exporter of renewable energy, but in his seven months in office, it is China that has stepped on the gas in an effort to become the dominant player in green energy especially in solar power, and even in the United States. http://www.nytimes.com/2009/08/25/business/energy-environment/25solar.html Put simply, you cannot keep borrowing money without some plan to pay it back, you cannot accept products and services from one nation that is unwilling to accept yours. When you set out to cut competetion in this nation in science, space, aviation, and energy and then borrow money constantly from your competetor do not expect that your place in the world will be nwar the top. More so you will end up being a slave of your competetion as we are increasingly are. Until such time as we address these issues we will watch as China passes our nation by. Our nation has the ability to compete in ANY sector in the world if our Govt. would simply like all other Govts. give them the chance to do so. This is not a lot to ask for American industry and its people, but you cannot do these things if your willing to accept that American industry is incapable of doing so.