Trade and Investment Overview, Chinese Direct Investment in USA
According to the U.S. State Department, China has been one of the world’s fastest growing economies over the last several years, and its efforts to reform and modernize have helped transform China into a large trading economy. China’s total trade is more than $3.6 trillion, making it the second largest trading nation and the country with the second largest economy in the world. This translates into enormous opportunities for U.S./California exporters.
U.S.-China trade has risen rapidly over the last several decades. Total trade between the two nations has increased from $4.8 billion in 1980 to slightly more than $536 billion in 2012. U.S. exports to China in 2012 were approximately $110.6 billion, a steady increase from previous years.
In 2012, China continued as California’s third largest export destination, with more than $14 billion in exports. Computer and electronic products accounted for approximately 28 percent of exports, totaling close to $3.9 billion. Waste and scrap material brought in $2.4 billion, or 17.4 percent, while both the machinery (except electrical) and the transportation equipment categories each accounted for approximately 10 percent of the total, with roughly $1.4 billion in exports each. U.S. Department of Commerce
The Rhodium Group estimates that Chinese firms now employ 27,000 people in the U.S., up from fewer than 10,000 five years ago. Asia Society, October 2012
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