The Impact of China's Slowdown: U.S. States (FXP)

Besides loading up positions in the ProShares UltraSh FTSE/Xinhua China 25 (Public, NYSE:FXP), if the China bubble bursts and there's a big slowdown of U.S. imports it could greatly hurt 10 U.S. States including the battered state of California.

Today the FXP is trading at $9.13 a share and since Jan 12th the fund is up 12% despite rising and falling during that time almost on a daily basis.  Back to the U.S. States that could be hurt, No #1 is California which already has a 12.4% unemployment rate:

California:
2008 exports: $11.0 billion
Exports to China growth, 00-08: 211%
Top exports: Computers & Electronics, Waste & Scrap, Machinery
Potential loser if China craps out: Oracle (employs 12,000)
Source: US-China Business Council

Review the full list at http://www.businessinsider.com/ten-states-about-to-get-murdered-by-the-china-slowdown-2010-2#10-ohio-1