1. U.S.-China Trade

2. China's Economic Revolution
Deng Xiaoping ( )

4. US-PRC WTO Agreement
, US & China completed bilateral talks on China’s access to WTO
China cut its average tariff level from 22.1% to 17%
China cut import tariffs on automobiles from 80%-100% to 25%
China cut import tariffs on agricultural products to 14.5%-15%

5. US-PRC WTO Agreement
Foreign banks be able to conduct local currency business and retail business.
US firms be allowed to provide auto financing in China
China allow 49%-50% investment by foreign telecommunication providers
US companies be allowed to invest in Chinese Internet content providers

6. US-PRC WTO Agreement China import up to 50 US movies a year
China eliminate export subsidies
China allow distribution rights for US exporters
China enter WTO as a developing country, not a developed country as previously insisted by the US

7. China’s potential for trade
world’s largest emerging market
1.4 billion people
rapidly rising purchasing power
manufacturing centers
relatively young population
low living standard
education

10. China Is the Top Import Source

13. U.S. Trading Partners In total trade volume, mainland China was
No. 19 in 1984
No. 6 in 1994
No. 2 in 2006 (No. 1 since 2015)
In total imports, mainland was
No. 21 in 1984
No. 4 in 1994
No. 1 since 2007 (22% in 2017)

16. Reserves of Foreign Exchange and Gold

18. Foreign direct investment
Foreign-invested enterprises account for nearly half of mainland China’s exports and imports.

19. Mainland China’s Top Exporters
Rank
Company
Exports 1
Foxconn (Zhengzhou)
$26.8 billion 2
Foxconn (Shenzhen)
$24.6 billion 3
Quanta (Shanghai)
$21.7 billion 4
Huawei (Shenzhen)
$16.5 billion 5
Asus (Shanghai)
$14.2 billion 6
Samsung (Huizhou)
$11.7 billion 7
Quanta (Chongqing)
$8.5 billion 8
Asus (Suzhou)
$8.1 billion 9
Compal (Kunshan)
$8.0 billion 10
China Petroleum&Chemical
$6.6 billion