China remains a fast-growing trade monster
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Chinese exports remain dominant in the world, bringing about $2.3 trillion into the country annually.
Highlights
CALIFORNIA NETWORK (https://www.youtube.com/c/californianetwork)
11/15/2016 (7 years ago)
Published in Business & Economics
LOS ANGELES, CA (California Network) - China remains a fast-growing trade monster, now raking in $2.3 trillion per year, up from $1.9 trillion four years earlier. The World Bank and other experts believe the country's economy can continue to expand for several years, no matter what happens in the world markets.
The Chinese economy continues to expand at just under 7 percent, per year.
China is a massive country with incredible reserves of natural resources and labor. China is also the recipient of over a third of world investment capital, according to the World Trade Organization. China receives over a hundred billion per year from the United States alone as investment. In 2014, that figure was $120 billion. The amounts keep growing, which keeps China developing and in business.
In return, China keeps the world supplied with all the goods it needs. About 94 percent of all Chinese exports are good such as office machines, telephones, clothing, and textiles, which make up the majority of the country's exports.
Finally, as the rest of the world develops, they are looking to China to equip their new homes, offices, and factories. Competitively priced Chinese goods continue to dominate the market.
For these reasons, China remains a major player in world markets and will likely remain so for a very long time, something that the new American president will need to keep in mind as he works to negotiate new deals with the Asian superpower.
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