The global trade imbalance - which is somewhere around $200 billion between the U.S. and China right now - is something that we can change. There's no need to wait for politicians and economists to work their bureaucratic magic (or lack thereof). Proactive business tactics are the solution to any business problem - including "the China question."

Recorded in the days before China President Hu Jintao's recent trip to the United States, today's China Business Podcast moves away from discussing things like merger and acquisition strategies to tackle some of the nitty-gritty economic issues surrounding China, its trade imbalance with the United States, the draconian Schumer-Graham bill, China's currency valuation...all the fun stuff.

The moral of Kent's story: Be proactive. Be innovative. Don't think cheaper - think better.