The U.S.-China trade and economic relationship has expanded significantly over the past three decades, especially since China’s entrance into the World Trade Organization (WTO) in 2001. China is currently the United States’ third largest export market and biggest source of imports, making it the second largest overall U.S. trading partner. In 2013, U.S. exports to China amounted to $122 billion while U.S. imports from China were $440 billion. According to the U.S. Bureau of Economic Analysis, cumulative Chinese foreign direct investment (FDI) in the United States by the end of 2013 was $8.1 billion, while cumulative U.S. FDI in China was $61.5 billion. China also is the largest foreign holder of U.S. Treasury securities ($1.3 trillion as of May 2014), which helps keep U.S. interest rates low. However, tension between the two countries has risen in recent years over a number of issues.
Date of Report: August 7, 2014
Number of Pages: 2
Order Number: IF00046
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