The whole world benefits, the United States benefits, and China as a whole benefits.
Indeed, better than average wages for China as a whole.
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According to the IMF, there does not appear to be significant over-valuation of residential real estate prices in China as a whole, though there are signs of overvaluation in some market segments.
In the first half of this year, Shantou's economic growth has been 2%, compared with more than 20% over the same period last year (and a target of 8% for China as a whole this year).
But although our exports of goods to China rose significantly during most of the 1990's, they grew no faster than such exports to the world as a whole, and China still accounts for less than 2 percent of the total.
This is a particular concern inside China, where the 9 percent annual growth recorded for 2008 as a whole, while huge by most nations' standards, was deemed disappointing against an equivalent figure of 13 percent for the previous year.
Asia remains an underweight as a whole, though China, Thailand and South Korea as individual nation are definitely an overweight based on price valuations, among other measures.
Meanwhile, on the demand side, the world as a whole, and China in particular, has been growing much faster than expected and consuming lots of raw materials as it does so.
Sun-Bae Kim of Goldman Sachs, an investment bank, points out that investment rates in emerging Asia as a whole, including China, look much healthier than in the region outside China (see chart 11).
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As is the case with a country like China, we have a whole host of bilateral issues that we deal with countries on, as we did in the recent trip.
Finally, consumer spending continues to rise in China and is becoming an important economic driver for the country as a whole.
But the pick-up near the end of the year could not prevent China from posting its slowest annual expansion in 13 years for 2012 as a whole, growing at 7.8%.
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China's official statistics show private consumption growing less quickly than the economy as a whole from 2001 to 2010.
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But even here, strangely enough, relations with China are as much on people's minds as they are in Latin America as a whole (see article).
Now instead of writing to that person you barely know in Beijing, you can listen to a whole Sinica podcast on the best English-language books on China as decreed by avid readers who live and work in Beijing.
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Some thought BHP Billiton's decision was evidence of China's change in growth expectations beginning to impact global demand, and other economies as a whole.
China has uplifted more people out of abject poverty than the total number achieved by Europe and North America as a whole throughout the Industrial Revolution.
The danger is that today's woes will distract attention from a far bigger threat to Hyundai and, indeed, to South Korea as a whole: being squeezed between the high-tech Japan on one side and low-cost China on the other.
Last month the BBC reported on the race to secure patents on graphene and how, despite the UK's early lead, China was now leading the field with the South Korean electronics giant Samsung holding nearly ten times more patents than Britain as a whole.
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