Exports to China benefit nearly all US states, industries: USCBC

The United States' exports to China have benefited nearly all US states and industries, the US-China Business Council (USCBC) said Tuesday during a conference held in Shanghai. Data released by the council showed that US exports to China grew by about 18 percent year-on-year to over $123 billion in 2020, while its exports to the rest of the world fell by 15 percent during the same period. China became the United States's third largest market for exports of goods during the period. China was also among the top five goods destinations for 45 US states, with 35 states seeing growth in exports to China and nine gaining more than $1 billion in the growth of export value, said the council.