Read the 32 Page Report of China-U.S. Trade Issues created by the Congressional Research Service (CRS - Prepared for Members and Committees of Congress)
- U.S.-China economic ties have expanded substantially over the past three decades.
- Total U.S.-China trade rose from $5 billion in 1980 to $409 billion in 2008.
- In 2008, China was the second largest U.S. trading partner, its third largest export market, and its biggest source of imports.
- In 2008, about 12% of total U.S. global trade was with China, although trade flows have declined in 2009 as a result of the global economic slowdown.
- According to U.S. data, U.S. firms have invested around $46 billion in China through 2008, some of which is aimed at the Chinese domestic market, while other investment has gone into export-oriented manufacturing facilities.
- With a huge population, a rapidly expanding economy, and over $2 trillion in foreign exchange reserves, China is a potentially huge market for U.S. exporters and investors.
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