Messrs Prestowitz and Johnson believe some form of numerical targets should be considered among the conditions for China's accession to the World Trade Organisation.
Mr. Johnson writes about China's traditional policy to "export the maximum and import the minimum, " which led to the Opium Wars.
"The way people buy has changed completely, " says Amelia Johnson, owner of the Hong Kong gallery Amelia Johnson Contemporary, which represents artists from Macau, Japan, Malaysia, Australia and China.
Higher prices and weaker consumer sales have led some manufacturers to stop producing palladium jewelry in China, Johnson Matthey said.
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Chalmers Johnson, an academic ally of the Prestowitz-Fallows team, illustrates the link between Japan and China with a personal tale.
His data predicts the U.S. will win 34 gold medals and 99 overall, pasting the competition, including rising power China, which will finish with 33 gold medals and 67 overall, according to Johnson.
The other pieces used to decorate the table are the Clinton China service plate, the Johnson China center bowl, the Kennedy glassware, one brass candlestick from the Reagan administration, and some gilded silver candlesticks from the Eisenhower administration.
WHITEHOUSE: Photo Gallery: White House Holiday China | The White House
"The U.S. has to be cautious in expecting a major breakthrough on North Korea out of the new Chinese leadership, " said Christopher Johnson, a former CIA analyst who is now a China expert at the Center for Strategic and International Studies in Washington.
Just as Nixon could go to China, a Southern Democrat such as Lyndon Johnson was needed to pass civil rights legislation and Bill Clinton was able to sign welfare reform after decades of Republicans talking about it, Obama can put our country on a balanced path of long-term economic growth and fiscal responsibility.
CNN: Obama's chance to lead -- or kick the can down the road
Johnson reportedly told Reuters that the company also has unprecedented opportunities to sell its Gulfstream business jets in China and other emerging markets.
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