Transcription of China-U.S. Trade Issues
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China-U.S. Trade Issues
Trade Issues Wayne M. Morrison Specialist in Asian Trade and Finance January 23, 2018. Congressional Research Service 7-5700. RL33536. Trade Issues Summary economic ties have expanded substantially since China began reforming its economy and liberalizing its Trade regime in the late 1970s. Total merchandise Trade rose from $2 billion in 1979 (when China's economic reforms began) to an estimated $633 billion in 2017. China is currently the United States' largest merchandise trading partner, its third-largest export market, and its biggest source of imports. In 2015, sales by foreign affiliates in China totaled $482 billion. Many firms view participation in China's market as critical to their global competitiveness.
China-U.S. Trade Issues Congressional Research Service 1 Introduction Economic and trade reforms begun in 1979 have helped transform China into one of the world’s
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