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.
China Market Intelligence
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.
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.
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 Ministry of Commerce (MOFCOM) released its 2008 Leading Opinion on Attracting Foreign Direct Investment (FDI) last month.
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.
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.
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.
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.