like china. that has been probably the single biggest factor but doesn't mean it's close to explaining everything that is going on. >> is there a bounceback effect here? is china's growth coming at a cost to american workers? and, if so, is the eradication hurt some countries while benefiting others? >> i think that in the long term, having consumers in countries, middle income consumers in countries like china and india will be good thing for the american economy and more important for the united states to export. globalization was a hard transition. i think that the united states is still dealing with that. but, no, this isn't as a game where you have hundreds of more people who are buying cars and buying medicines and buying american services that is going to be a good thing. >> staying in china second. somebody told me today they are