Earlier this month, the two biggest telecommunications companies in the world - Vodafone and China Mobile - created a consortium to bid for mobile licences in Burma.

BBC: Ford announces entry into Burma market

That means China's exports to the U.S. have created hundreds of thousands of jobs -- in China.

CENTERFORSECURITYPOLICY: Center For Security Policy

Looking to stimulate growth, the company created a sales-and-distribution center in China with the goal of distributing global products locally.

FORBES: Reverse Innovation and the Myth of Cannibalization

The commitment of China to an export-led growth model, matched by a willingness from rich-world consumers to keep spending, created persistent surpluses in China in particular.

WSJ: We Need Greater Global Governance

In Shenzhen, near Hong Kong, tens of thousands of young engineers have created a Silicon Valley-like youth culture in the high-tech companies that thrive in China's southern Guangdong province.

ECONOMIST: A survey of the young