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. When coupled with local sales by US multinational companies in China, the US-China Business Council (USCBC) estimates that China was a $600 billion dollar market for US goods and services in 2017, the second largest...
China Market Intelligence
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