1. The US-China Economic Relationship
Stealable Slides:
Use them any way you like

2. The World’s Two Biggest Economies
Economy Rank
GDP (2016 nominal)
Growth Rate (2016)
GDP/Capita (2016)
Population
Population Rank
Area (sq km)
No. 1
No. 2
$ 11,23 trillions
6.7%
$ 18,62 trillions
1.6%
$ 57,400
$ 15,400
1.37 billions
326 millions
No. 3
9.60 millions
9.83 millions
Source: CIA World Fact book; IMF

3. 2017 On Track for Record Trade Deficit
2017 trade deficit on track to match record set in 2015
■ Imports of Chinese goods
■ Exports of US goods to China
Deficit
2017
2015
2010
2005
2000
1995
1990
100
200
300
400
$500 billion
Source:
Major US exports to China
Airplanes
Soy beans
Electronics, equipment and machines
Major Chinese exports to US
Electronics, equipment and machines
Clothing
Furniture

4. Chinese FDI in US surging, but facing restrictions
US FDI in China : $242.57bn
40b
30b
20b
10b
Source:
Chinese FDI in US : $110.08bn
40b
30b
20b
10b
Source:
Major Chinese purchases in US in past 2 years
HNA ► CIT’s aircraft leasing unit
HNA ► Hilton Hotels
HNA ► Ingram Micro
Qingdao Haier ► General Electric appliances business
Anbang ► Strategic Hotels properties
Apex Technology ► Lexmark
Wanda ► Legendary Entertainment
Chinese deals awaiting US security review
Ant Financial ► MoneyGram
HNA ► Skybridge Financial
$880 million
$10 billion
$180 million
$6.5 billion
$6 billion
Major Chinese deals blocked in 2017
Orient Hontai Capital ► AppLovin
Canyon Bridge Capital Partners ► Lattice Semiconductor
HNA ► Global Eagle Entertainment
$1.4 billion
$5.6 billion
$5.5 billion
$1.3 billion
$3.6 billion
$3.5 billion
$400 million
Source: Rhodium Group

5. Love-hate relationship, but an important one
95%
Not Important
Extremely important
40%
Somewhat important
23%
Very important
32%
How important are positive bilateral relations between China and US to your business growth in China (2016)
Source: AmCham China Business Climate Survey 2017
US views of China
Favorable
Unfavorable
Chinese views about the US
Favorable
Unfavorable
Source: Pew Research Center

6. Recent Developments 2017 April
Trump hosts Xi for talks at his Mar-a-Lago estate
December
U.S. labels China a “revisionist power” when releasing National Security Strategy
July
First U.S.-China Comprehensive Economic Dialogue ends with no press conference or joint statement
November
China announces various measures opening financial and new energy vehicle sectors
Recent Developments 2017
July
Conclusion of 10-point “Early Harvest,” including re-introduction of U.S. beef to the Chinese market
November
Xi hosts Trump for state visit - $250 billion of “deals” signed
August
U.S. initiates “Section 301” investigation of Chinese theft of intellectual property
October
U.S. imposes anti-dumping duties on Chinese aluminum foil

7. Thank you!