International Trade
China is in the top 3 of trading in the world. China's exports are #2 in the world at $1.581 trillion and #3 in imports at $1.327 trillion.
The top 3 import trading partners with China are Japan (12.6%), South Korea (9.9%) and the United States of America (7.3%). Japan and South Korea are the top 2 importers to China because of location, they are just across the Sea from China.
The top 3 export trading partners with China are the United States of America (18%), Hong Kong (13.8%) and Japan (7.6%). The United States of America is the top export for China because of money. China has unskilled cheap labor to produce many items for the United States of America.
China is in trade agreements with the United States of America. They recently signed 5 new agreements for intellectual property rights, technology, energy, trade statistics and business cooperation. The total US trade with China last year was $385.3 billion. The benefits of some of the trade agreements are cuts in tariffs and eliminating certain barriers.
China's top imports are electricity & other machinery, oil & mineral fuels, optical/medical equipment, metal ores, plastics and organic chemicals.
China's top exports are electricity & other machinery, including data processing equipment, apparel, textiles, iron & steel, optical/medical equipment.
The machinery imported is higher end equipment and the machinery exported is lower end machinery.
Mineral products account for 35% of total import & exports.
China's trade patterns are consistent with their comparative advantages because they have unskilled cheap laborers in the production of apparel & textiles and assembling of machinery & equipment.
The United States of America has economic sanctions on China They have sanctions on the exports controls and regulations on certain imports. These sanctions don't seem to slop down the trade between the US and China.
China does not have sanctions with anyone. They encourage talking problems out and helping the country. Currently there is a lot of press on Burma (Myanmar). China is helping them develop their ports and building pipelines.
China is in the top 3 of trading in the world. China's exports are #2 in the world at $1.581 trillion and #3 in imports at $1.327 trillion.
The top 3 import trading partners with China are Japan (12.6%), South Korea (9.9%) and the United States of America (7.3%). Japan and South Korea are the top 2 importers to China because of location, they are just across the Sea from China.
The top 3 export trading partners with China are the United States of America (18%), Hong Kong (13.8%) and Japan (7.6%). The United States of America is the top export for China because of money. China has unskilled cheap labor to produce many items for the United States of America.
China is in trade agreements with the United States of America. They recently signed 5 new agreements for intellectual property rights, technology, energy, trade statistics and business cooperation. The total US trade with China last year was $385.3 billion. The benefits of some of the trade agreements are cuts in tariffs and eliminating certain barriers.
China's top imports are electricity & other machinery, oil & mineral fuels, optical/medical equipment, metal ores, plastics and organic chemicals.
China's top exports are electricity & other machinery, including data processing equipment, apparel, textiles, iron & steel, optical/medical equipment.
The machinery imported is higher end equipment and the machinery exported is lower end machinery.
Mineral products account for 35% of total import & exports.
China's trade patterns are consistent with their comparative advantages because they have unskilled cheap laborers in the production of apparel & textiles and assembling of machinery & equipment.
The United States of America has economic sanctions on China They have sanctions on the exports controls and regulations on certain imports. These sanctions don't seem to slop down the trade between the US and China.
China does not have sanctions with anyone. They encourage talking problems out and helping the country. Currently there is a lot of press on Burma (Myanmar). China is helping them develop their ports and building pipelines.