"Fiscal cliff" threatens not only U.S. but world economy (4)

China and the United States are now each other's second biggest trading partners. China's exports to the U.S. market were as high as 283.3 billion dollars in 2010, accounting for about 18 percent of China's total exports.

A U.S. recession, without doubt, would dent China's economy.

That's why the global community, including China, has closely followed the wrangling in Washington.

The clock is ticking, and not much time is left for the White House and Congress to settle their disputes.

The Democrats and the Republicans perhaps should make stronger efforts to put U.S. fiscal house in order as soon as possible for the benefit of the U.S. and the economies around the world.

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