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China's third-largest export market for US goods
8/20/2016 0:00
[rtl] WASHINGTON - Xinhua
continue exports of goods and services flying from China to play a key role in the US economy and job growth which, according to A Report US - China Business Council.
The Council, in its annual report on US exports to China 's situation, he said US exports to China reached 113 billion US dollars last year, recording a decrease from theprevious two years, but China is still the third - largest export market for US goods. the
report pointed out that the rapid growth in the US service sector exports to China is anew development and is important in the bilateral economic relations, as in 2014 , which is the latest year for which data are fully available, amounted to US service sector exports to China , where US $ 42 billion, making it China 's largest export market for thefourth of the services sector for the United States. the
report noted that despite the slowdown in growth economy and trade in China, the «US exports of goods and services to China have more than exports grew into a major trading partner last the United States over the past decade».
the increased US goods exports to China increased by 115 percent between 2006 and 2015 , while the US service sector exports increased to China by more than 300 per cent between 2006 and 2014, according to the Business Council , the US - China. the
report said that «most states have seen large increases in exports of goods and services from the volume to China since 2006» he said , adding that thirty - one of the mandate may have seen a growth in exports of goods size to China during the past decade ,including at least three orders of numbers, as all US states experienced a growth in theservice sector exports to China up to three orders of numbers during the same period.The report also pointed out that exports of goods and services to China has helped support a wide range of industries including transportation equipment, agriculture, computers, electronics, chemicals, travel, education, and business and professional services, financial services, in the United States.
At a time longer in which China is a big market for US exports, the United States has asmall share of China 's overall market, accounting for US goods only 6.5 per cent of China 's total imports last year, according to the report, which urged the United States to advance the negotiations with China on investment treaty bilateral high - level, which would facilitate and increase the volume of US exports to China. The two countries have held 26 round of investment treaty talks since the start of negotiations in 2008, officials have pointed out China and the United States to the desire of both parties to finalize the agreement before the departure of US President Barack Obama to the White House in January 2017.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=121681[/rtl]
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