The seemingly symbiotic relationship between the China and America -- dubbed Chimerica -- is now clearly chimerical. What was once billed as the ideal partnership is quickly turning into a competition for global influence instead. Investors, beware.
According to one China expert, overtaking Japan as the world's second-largest economy doesn't change the underlying economic issues China must resolve, but it does cement changes that have been rapidly making China a far more important player on the global stage
China's global trade surplus ballooned to $28.7 billion in July, a sign that promises to adjust its currency haven't yet begun to bite. That could spell increasing friction with Washington, where lawmakers facing reelection in November are raising demands for retaliation.
Based on his long experience as a Western entrepreneur in China, Jack Perkowski has compiled five top keys to success for American companies that want to business there (looks like Google missed No. 5). Here they are...