The two big stories of China's economy in the third quarter were the economic and political impacts of the growing trade surplus and the resulting efforts to stem the largely unchecked growth of liquidity in the banking system.
China Market Intelligence
China's economy expanded at a faster-than-expected rate of 11.1 percent in the first three months of the year, largely driven by fixed-asset investment and exports.
The US-China Business Council (USCBC) today released a breakdown of US individual state exports to China during the 2000-06 period that shows the remarkable growth of China as an export market for US goods.
US exports to China in 2006 continued the strong growth seen in recent years, rising 31.7 percent to $55 billion, according to the US Census Bureau and Bureau of Economic Analysis report issued last week. China remains the fourth-largest export market for the United States, but will likely surpass Japan in 2007 to move into third place, just below Canada and Mexico.