China and the US are in an uneasy state with their "friendship". In one sense, they are friends because the US imports products from China, and also exports ideas in order for cheaper manufacturing in China. This is good for the US because things are cheaper. This benefits China because they profit from it. This could also be looked at as a bad thing because it is reducing the number of jobs in the US. Manufacturing jobs are being moved over seas and people in the US are being laid off because China makes things cheaper than we could. On China's side, this is again a good thing because it creates more jobs in China. The relationship in the manufacturing/economic sense is in favor of China.
At the same time, the US opposes communism and China is under communist rule. The main ideas of the two countries clash and the US is uneasy about the spread of communism. By opposing communism, the US probably alienates Chinese leaders. This creates the state of 'frenemy' between the two countries.
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