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originally posted by: onequestion
a reply to: Phage
What products are we selling to China and in what quantity
China continues to be an important contributor to US economic growth. In 2014, US exports to China totaled $120 billion, making it the third-largest export market for US goods behind Canada and Mexico, our neighbors and NAFTA partners.
Though the value of US exports to China last year was largely unchanged from 2013, China’s market continues to be a top destination for US goods. On average, US exports to China grew by nearly 13 percent annually over the past 10 years. Comparatively, US exports to Mexico, Germany, and the United Kingdom averaged 8.1, 4.3, and 3.6 percent annual growth, respectively.
Over the last decade, US exports to China have grown faster than exports to any other major US trading partner. From 2005 to 2014, US exports to China increased 198 percent. That is greater than growth to any of the other top ten US export markets, including the two largest US trading partners, Canada (47 percent growth) and Mexico (102 percent growth).
China’s economy is undergoing important changes that have resulted in a slowdown in GDP and trade growth. As China’s market matures, that growth is likely to remain at lower rates than seen in past years. At the same time, China is seeking to rebalance its economy toward a consumerdriven growth model. With this shift, US companies are expected to have broader opportunities to export more goods and services to meet the needs of China’s growing middle class.
Exports play an essential role in the US economy and job growth. In 2014, US exports to China helped support a wide range of industries including transportation equipment, crop production, computers and electronics, and chemicals, along with export-related jobs in America’s port cities. Not only are exports vital to the health of US industry, global exports also supported 11.7 million US jobs in 2014, according to the US Department of Commerce.
China: An important market for US goods
Forty-two states experienced at least triple-digit export growth to China since 2005, and five states saw export growth of more than 500 percent over the same period.
China was among the top three export markets for 39 states in 2014. That includes states that are not usually associated with strong China trade ties, including Minnesota, Michigan, New York, Alabama, Ohio, and South Carolina.
In 2014, thirty-one states exported more than $1 billion to China.
While larger states like Texas and California saw significant growth in exports to China, smaller states benefited, too. Delaware, Kentucky, West Virginia, and Nevada all experienced more than 300 percent growth in exports over the past decade.
originally posted by: onequestion
a reply to: Phage
What products is China buying from us
Google the Monsanto Protection Act. It doesn't matter if Obama Bush, or reanimated Reagan signed it into law.. it's in there.
originally posted by: Phage
originally posted by: onequestion
a reply to: Phage
What products is China buying from us
Cars
Semiconductors
Soybeans
$120 billion. Who's going to buy that stuff?
www.uschina.org...
originally posted by: SmurfRider
a reply to: Phage
I'm not one of those people. DOWN WITH THE SYSTEM! Isolationism > all.
originally posted by: SmurfRider
a reply to: Phage
I'm not one of those people. DOWN WITH THE SYSTEM! Isolationism > all.
originally posted by: onequestion
a reply to: Phage
What products are we selling to China and in what quantity
originally posted by: onequestion
These trade deals are never good for the people they are supposedly.meant to serve they are for the major shareholders and the Elite that's it
Buying something does not mean you are losing money. It means you are spending money. Buying and selling are not the same thing. Losing money would mean selling a product for less than it costs to produce it.
Were losing hundreds of millions of dollars more than were gaining from the relationship with China.
How much would those products cost if they were manufactured here? Would people buy them? Why, if they are more expensive? Why would manufacturers produce something if it means that people won't buy them or would lose money selling them?
So if we stop buying 350 billion dollars worth of goods from China we can ma ufacrure those goods here and offset the "gain" by many more billions of dollars
You aren't.
I feel like I'm talking to children
originally posted by: Phage
You ain't one of them commies, are you?
That is how Communism works, which you seem to support