China Market Intelligence

March 19th, 2014
Stephanie Henry

US exports to China experienced a surge at the end of 2013, capping off a year of steady bilateral trade growth and continuing economic recovery. US exports to China grew by 24 percent year-on-year in the fourth quarter of 2013, led by oilseeds and grains, according to data from the US International Trade Commission. October through December were strong months for US exports to China, with each month seeing an increase in exports of at least 20 percent, compared to the same month in 2012...

May 1st, 2013
USCBC Staff

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. Thirty states exported more than $1 billion worth of goods to China and another 10 states exported more than $500 million, driven by the agriculture, transportation, electronics, chemicals, and machinery sectors.

Key points from the report are listed below:

The US-China trade relationship...
February 9th, 2011
Julia Zhao

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.

From Chicago to Davos
Last month, Chen accompanied PRC President Hu Jintao during a state visit to Washington, DC, and Chicago,...

August 6th, 2008

After months of speculation about potential export tax rebate changes due to slowing exports, the State Administration of Taxation and Ministry of Finance on July 30 released a notice that adjusts China's export value-added tax (VAT) rebates. Most notably, the VAT rebate rose from 11 percent to 13 percent on several categories of textile and apparel products, including silk, wool yarn and fabric, cotton yarn and fabric, and several types of industrial-use textiles and synthetic fibers and...

May 7th, 2008

The US-China Business Council (USCBC) last week released the next in a series of reports intended to inform the debate about US trade with China--an update of congressional district exports to China. The new report found that nearly all districts across the country registered triple-digit increases in their exports to China since 2000, showing the success of US exporters from every region of the United States in the China market.

The analysis, undertaken by the Trade Partnership,...

April 9th, 2008

The Ministry of Commerce (MOFCOM) released its 2008 Leading Opinion on Attracting Foreign Direct Investment (FDI) last month. In addition to reiterating long-standing FDI policies that encourage investment in clean and energy-efficient industries, the high-tech and services sectors, and central and western China, the report also highlighted some of last year's key investment dynamics. These included considerable growth in services sector FDI--more than half of all new foreign-invested...

March 12th, 2008

All US states have significantly increased their exports to China since 2000, but some--such as Michigan, Ohio, and Pennsylvania--have been more successful than others, according to a new US-China Business Council (USCBC) report. All three states exported more than $1 billion to China last year, and have had triple-digit growth in exports to China since 2000.

Overall, China now is the third-largest purchaser of US goods and services, behind only Canada and Mexico. US exports to China...

February 20th, 2008

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. US exports to China grew more than 18 percent, faster than imports from China in 2007. China also became the top source of US imports, overtaking Canada last year. The...

October 31st, 2007

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. On the economic front, the surplus is undermining monetary policy, putting pressure on the renminbi (RMB), and raising risks of inflation. On the political front, the European Union has called for talks in late November on the EU-China trade deficit and the value of...

April 25th, 2007

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. Most economic indicators delivered a stronger performance than in the first quarter of 2006 (see Table 1), leading most economists to expect cooling measures such as higher interest rates and reserve requirements, as well as administrative directives on bank lending. Because the economy shows no sign of transportation bottlenecks...

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