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Biggest export from us to china
Biggest export from us to china











Tesla is to build a Megafactory in Shanghai. Its huge market, well-functioning industrial system, high-quality workforce and predictable business environment makes China irreplaceable.Ī McKinsey senior executive observed that “The next China globally is China because of the significant growth.” Airbus recently announced its plan to build a second production line in Tianjin. With all this, China continues to enjoy the demographic dividend, while the talent dividend is coming to the fore. Every year, over 15 million join the workforce. Over 240 million have received higher education. In addition, China has a working age population of nearly 900 million.

biggest export from us to china

IMF has raised China’s growth forecast to 5.2 percent, projecting it will contribute one-third of the global growth this year. During the Labor Day Holiday, over 270 million people, equivalent to about 80 percent of the U.S. In the first quarter, China’s GDP grew 4.5 percent year on year, with trade in goods up by 4.8 percent. Nor do we have the intention to dominate the world, or challenge anyone else.Ĭhina’s economic recovery is robust, with bright prospects. It is not in our DNA to invade others or seek hegemony.

biggest export from us to china

We will focus on becoming a better self, so as to meet our people’s aspiration for a better life. Under the new central leadership with President Xi Jinping at its core, the Chinese people will persevere in carrying out the set goal.ĭevelopment remains our top priority. China’s leadership is strong, and its people united. Our central task is to advance the rejuvenation of the Chinese nation through a Chinese path to modernization. The 20th CPC National Congress laid out the blueprint for China’s future development, while the two sessions further fleshed out the roadmap. In this chaotic world, you will find China a source of rare stability and much-needed certainty.Ĭhina’s policy is open and transparent, and its pathway clear. I know all of you are interested in China’s development. Which way should we take: to stabilize the relationship and find the right way to get along in the new era, or to let it spiral downward further into conflict and confrontation? This is a major choice we need to make. A lot has changed, and we are finding ourselves in a world of turbulence, with serious challenges in China-U.S. It is wonderful to be back in the United States after 13 years, my third posting here. Let me take this opportunity to salute the Council, its member companies and all of you here for everything you have done for this relationship!

biggest export from us to china

And we will always cherish your vision, courage and commitment at times of serious difficulties. We will never forget your kind assistance when the Chinese people were hit by major disasters. It has driven and witnessed the historical process as our trade surged from US $12.88 million to nearly US $760 billion, and two-way investment from nearly zero to over US $240 billion. exchanges and cooperation, and promoting trade and investment. Over the past five decades, the Council has been actively boosting China-U.S. relations, and a contributor to as well as a beneficiary of win-win cooperation. It is a great pleasure to join friends old and new to celebrate the 50th birthday of the Council.įounded even before China and the United States established diplomatic relations, the USCBC has been a pioneer in bilateral economic cooperation and trade, an advocate of China-U.S.

biggest export from us to china

Let me start by thanking the U.S.-China Business Council (USCBC) for hosting this event.













Biggest export from us to china