What are prospects for USA china relations

 

The relations between USA and China have seen much ups and downs and this is particularly so after the emergence of china's prospects as new world power and its potential threat to existence superpower's status.

China and USA  have many unresolved concerns  like the role of democracy in government in China and human rights in China besides proliferation of nuclear weapons though they have mutual political, economic, and security interests, like the proliferation of nuclear weapons.

Many U.S. manufacturing firms have found comfort within the Chinese market as a shelter against the worldwide financial storm. On the other hand, good value-for-money, labor-intensive goods imported from China have helped keep the worth of living down for Americans even once they become increasingly cash-strapped.

US exports to China directly and indirectly supported 1.8 million new jobs and $165 billion in GDP in 2015. When the economic benefits generated from US investment in China and Chinese investment within the US are combined, the whole amounts to 2.6 million US jobs and about $216 billion of GDP.

There's a chance it had been China. Today, the U.S. has an open-trade policy with China, which suggests goods are traded freely between the two countries, but it wasn't always this way . On February 21, 1972, President Richard M. Nixon arrived in China for an official trip

The U.S. and China are major trading partners for years, which they believe each other's supply chain for input into goods and services consumed within their borders.Sep 28, 2020

Until February 2019 China was the foremost important trade partner of the us , and currently is in third place after Canada and Mexico while it remains the foremost important source of imports. China's exports to the U.S. over the decades have changed from low-value, labor-intensive products to more capital intensive goods.Sep 11, 2020

Its top three import product categories are the same for the U.S. overall: Machinery & Electrical, followed by Miscellaneous, then Textiles. From January to June 2020, these three categories made up a combined 50% of China's exports to the U.S. and roughly 41% of overall U.S. imports.Oct 1, 2020

The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet. The U.S. also depends on China to support its own exports; next to Mexico and Canada, China is America's third largest and much and away its most rapidly growing major export market.

China is playing a growing role within the planet economy. it's one of the world's fastest growing countries and is that the tenth largest exporter. ... But China's participation within the worldwide economy also offers important opportunities for trade, investment, and international cooperation to plug world prosperity and stability.

Forty years of process , at a mean of nearly 10% a year, has transformed the country into a worldwide leader in technology and manufacturing. Its economy is now second only in size to the us - larger if trade is taken into account - and it's home to six of the world's megacities.Jun 24, 2019

Two-way trade between China and thus the us has grown from $33 billion in 1992 to over $772 billion in goods and services in 2017. China is currently the third-largest export marketplace for U.S. goods (after Canada and Mexico), and thus the us is China's largest export market.