China's growth

For many years China has maintained a growing economy by building infrastructure. In China there are highways, cities, airports and other facilities that are severely under-utilized. These projects are the result of government spending to provide jobs and keep the economy growing. China now has a large enough middle class that they are switching to an economy based on consumer spending. While this is going on the United States is trying to move from an economy based on consumer spending to government infrastructure spending to provide jobs. These changes will affect American exports to China. Companies like Caterpillar that shipped heavy construction equipment will find decreasing sales but companies like Apple that make consumer products will benefit from new consumer sales. In any event the old saying of what goes around comes around seems to be working.