Steve Hochstadt: The message is clear – life is much richer in material goods in the US, but China is catching up.
China, which is officially called "The Peoples Republic of China", is the most populated country in the world with close to 1.4 billion people. It is also the second largest country in terms of land area.
What many viewed as a routine Presidential visit to Australia to finalize an agreement for a new deployment destination of American troops as the wars in Afghanistan and Iraq wind down was anything but. Australian Networks Catherine McGrath reported that “post Iraq…America would have a permanent presence in Australia…in the interest of democracy and trade protection…” Prime Minister Julia Gillard stated […]