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Business/Finance
See other Business/Finance Articles

Title: Exports to China vital to U.S. economy, job growth: USCBC
Source: [None]
URL Source: [None]
Published: Aug 21, 2016
Author: staff
Post Date: 2016-08-21 23:51:11 by Tatarewicz
Keywords: None
Views: 848
Comments: 10

WASHINGTON, Aug. 18 (Xinhua) -- Exports of goods and services to China continue to play an essential role in the U.S. economy and job growth, according to a report released Thursday by the U.S.-China Business Council (USCBC).

U.S. goods exports to China totaled 113 billion U.S. dollars last year, down from the previous two years, but China remained the third-largest export market for American goods, USCBC said in an annual report on U.S. state exports to China.

The report noted that the rapid growth in U.S. services exports to China is an important new development of bilateral economic relationship. In 2014, the most recent complete year of available data, U.S. service exports to China reached 42 billion dollars, making China the United States' fourth-largest services export market.

Despite of a slowdown in China's economy and trade growth, "U.S. exports of goods and services to China have grown faster than exports to any other major U.S. trading partner over the past decade", the report said.

U.S. goods exports to China increased 115 percent from 2006 to 2015, while U.S. services exports to China increased more than 300 percent from 2006 to 2014, according to the USCBC.

"Most states have seen significant increases in exports of goods and services to China since 2006," the report said, adding that thirty-one states experienced at least triple-digit goods export growth to China in the past decade and every U.S. state had triple-digit services export growth to China over the same period.

The report also noted that exports of goods and services to China helped support a wide range of industries including transportation equipment, agriculture, computers and electronics, chemicals, travel and education, business and professional services, and financial services in the United States.

While China is a significant market for American exports, the U.S. has a small share of China's overall market. U.S. goods accounted for only 6.5 percent of China's total imports last year, the report said, urging the United States to push forward negotiations with China on a high-standard bilateral investment treaty, which would facilitate and expand U.S. exports to China.

The two countries have held 26 rounds of investment treaty talks since negotiations started in 2008. China and U.S. officials have signaled a willingness to finalize a deal before U.S. President Barack Obama leaves the White House in January 2017. Editor: Mengjie


Poster Comment:

For job growth at home US needs a prosperous China not a war as the usual war mongrels would have you believe.

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#1. To: Tatarewicz (#0)

All those GMO grains and other biochemical stuffs we have exported over there should be kicking in within another generation or two.


"Define yourself as one beloved by God. This is the true self. Every other identity is illusion."—Brennan Manning

Rotara  posted on  2016-08-21   23:57:36 ET  Reply   Trace   Private Reply  


#2. To: Rotara (#1)

I'm thinking China would never sign off on a 'NAFTA' or a 'CAFTA' like the US did.

China is creating their own 'TPP' in the form of the 'RCEP.'

Kingdoms are being made for someone out there, but not the US.

http://dailycaller.com/2016/08/09/the-worlds-largest-free-trade-agreement-may-be-rising-as-tpp-falls/

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2016-08-22   1:15:24 ET  Reply   Trace   Private Reply  


#3. To: Rotara (#1)

China and Russia refuse GMO.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2016-08-22   4:04:53 ET  Reply   Trace   Private Reply  


#4. To: Tatarewicz (#0)

For job growth at home US needs a prosperous China not a war as the usual war mongrels would have you believe.

Turn that statement inside out, into a political reality.

A prosperous China has propagated a China hell bent on expansion and WAR.

Like Japan of olde, CHINA CANNOT FEED THEMSELVES AND HAVE NO OIL, result, they are expanding by force.

Cynicom  posted on  2016-08-22   4:51:05 ET  Reply   Trace   Private Reply  


#5. To: Rotara (#1)

All those GMO grains

Nope. The Chinese have rejected the GMO grains. There were three shiploads of it waiting to be unloaded last year and the Chinese sent them away. Who knows where they went. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2016-08-22   8:09:11 ET  Reply   Trace   Private Reply  


#6. To: Cynicom (#4)

Like Japan of olde, CHINA CANNOT FEED THEMSELVES AND HAVE NO OIL, result, they are expanding by force.

Oil is on the way out. There is a new fuel on the horizon. It is online, but I have no links for you. Do a search for it and I am sure you will find something that will pique your interest. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2016-08-22   8:11:29 ET  Reply   Trace   Private Reply  


#7. To: BTP Holdings (#6)

C'mon -- give.

Can't be sand

http://www.nytimes.com/2016/06/23/opinion/the-worlds-disappearing-sand.html?_r=0

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2016-08-22   8:35:34 ET  Reply   Trace   Private Reply  


#8. To: BTP Holdings (#6)

Oil is on the way out.

Odd that the major oil companies dont know this.

Cynicom  posted on  2016-08-22   8:43:30 ET  Reply   Trace   Private Reply  


#9. To: Cynicom (#4)

CHINA CANNOT FEED THEMSELVES AND HAVE NO OIL,

China got big oil leases in Iraq, thanks to the war for Israel, probably be getting more from Iran, thanks to similar situation; Kanuckistans desperate to export product from oil sands. China exporting a lot of food, oranges, garlic, could be much more if were link by high-speed rail via tunnel to Alaska as proposed by Russian engineers.

Tatarewicz  posted on  2016-08-23   4:33:53 ET  Reply   Trace   Private Reply  


#10. To: Tatarewicz (#9)

If you have time...

Geo/politics is akin to statistics, they do not lie.

john.curtin.edu.au/envoy/expansion.html

Cynicom  posted on  2016-08-23   4:48:58 ET  Reply   Trace   Private Reply  


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