The recent release of December 2017 US trade data confirms that the year was a strong one for trade—with exports and imports both higher than in previous years—but the latter rose much faster, leading to significant growth in the United States’ global trade deficit.
China Market Intelligence
The US-China Business Council’s annual Forecast on January 30, 2018, brought experts and policymakers to discuss the year ahead. The half-day program featured comprehensive projections for the Chinese business and political environment in the year Forecast, as well as developments in US trade policy.
Congressional districts across the country are seeing exports to China outpace exports to the rest of the world, according to the US-China Business Council's (USCBC) US Congressional District Exports to Chin
The US-China Business Council (USCBC) last week released its annual report on state exports, showing that China continues to be an important destination for American goods and a significant contributor to US economic growth.
The US-China Business Council’s (USCBC) latest report on US exports to China in 2014 shows that China continues to be an important destination for US goods and significant contributor to US economic growth.
US exports to China grew nearly 10 percent slower in 2014 than in 2013, marking a record high for the US goods deficit with China—$342.6 billion from a total trade in goods of $590.7 billion.
Last week, the US-China Business Council released its annual US state exports to China report. China remained America’s third-largest export market in 2012—behind only Canada and Mexico.
As China released data showing that the country's trade and investment numbers rebounded significantly in 2010, PRC Minister of Commerce Chen Deming stated in two major overseas speeches that China will increase imports and boost outbound investment in the coming years. Though PRC officials have previously stated both goals, Chen offered more detail.
The US trade deficit with China in 2007 reached $256.3 billion, the highest deficit the United States has recorded with any single economy, according to newly released US government trade figures. At the same time, 2007 was a banner year for US exporters: China now ranks as the third-largest US export market, surpassing Japan.