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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Crs Report for Congress: China - U.S. Trade Issues

Crs Report for Congress: China - U.S. Trade Issues

Morrison, Wayne E.
Congressional Research Service the Libr

Paperback

General Political Science

ISBN10: 1293273678
ISBN13: 9781293273678
Publisher: Bibliogov
Published: Nov 11 2013
Pages: 58
Weight: 0.27
Height: 0.12 Width: 7.44 Depth: 9.69
Language: English
U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.- China trade rose from $5 billion in 1981 to $536 billion in 2012. China is currently the United States' second-largest trading partner, its third-largest export market, and its biggest source of imports. According to one estimate, China is currently a $250 billion market for U.S. firms (i.e., U.S. exports to China plus sales by U.S.-invested firms in China). China's large population and booming economy have made it a large and growing market for U.S. exporters and investors. Many U.S. firms view participation in China's market as critical to staying globally competitive. General Motors (GM), for example, which has invested heavily in China, sold more cars in China than in the United States from 2010 to 2012. In addition, U.S. imports of low-cost goods from China greatly benefit U.S. consumers, and U.S. firms that use China as the final point of assembly for their products, or use Chinese-made inputs for production in the United States, are able to lower costs and become more globally competitive. China is the largest foreign holder of U.S. Treasury securities ($1.3 trillion at the end of April 2013). China's purchases of U.S. government debt help keep U.S. interest rates low.

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