As China changes leaders this week, opinions on the future of China's economy differ widely among analysts. Those bearish on China say it's crash may already be here.
Across the world in China, American expats spent this morning watching election returns at an event hosted by the Shanghai chapter of the American Chamber of Commerce.
Exports from big states like Texas, California and Michigan have soared since the 1990s when the North American Free Trade Agreement opened U.S. markets to Mexico. But not every state has been as savvy promoting cross-border trade.
This week Mexican marines took out the leader of one of Mexico's most powerful drug gangs, the Zetas. There's some hope this might disrupt their reign of terror there and open up cross-border business and trade.
China rewards companies for exporting auto parts to other countries, so the U.S. files a complaint with the World Trade Organization, its 15th against China.
The Commerce Department reported the U.S. bought a record amount goods from overseas in March. Meanwhile, U.S. companies sold a record amount of stuff overseas. All told, it adds up to a soaring trade gap.
China's vice president Xi Jinping met with corporate leaders at U.S. Chamber of Commerce as part of his Washington trip. Each side has put on a smile about their economic relationship, but that hasn't hid the tensions beneath the surface.
President Obama said in his State of the Union that he wanted stricter enforcement of U.S. trade rules. U.S. Trade Representative Ron Kirk discusses the details of what's to come.