1. U.S. - China Statistics Some Observations Dr. Andrew L. H. Parkes “Business Economics II” 卜安吉

2. April 17, 2013BECO Day 72 Table 1: Trends in Exports  U.S. export growth to China was dropping in 2007, before the financial crisis began.

3. April 17, 2013BECO Day 73 Exports From China

4. April 17, 2013BECO Day 74 Table 1 continued With the exception of 2009, the trade surplus with America became larger. Overall U.S.-China Trade Balance

5. April 17, 2013BECO Day 75 Table 1 continued At the end of 2010, the U.S.-China trade deficit was $273.1 billion Or to look at it from the U.S. side, the trade deficit became larger

6. April 17, 2013BECO Day 76 Table 2: Top Exports  Electrical Machinery and Equipment  Power Generation Equipment  Oil Seeds and oleaginous fruits - Cooking Oils Note Aircraft and Spacecraft will most likely become very small soon. Also note the increase in “Vehicle” Export growth to China at 134%!

7. April 17, 2013BECO Day 77 Table 2: Top Exports  Boeing for how long? 787 below

8. April 17, 2013BECO Day 78 Table 3: Top U.S. Imports  Electrical Machinery and Equipment  Power Generation Equipment Fuan Topower Electrical Machiney CO.,LTD.

9. April 17, 2013BECO Day 79 Table 3: Top U.S. Imports  Electrical Machinery and Equipment  Power Generation Equipment

10. April 17, 2013BECO Day 710 Table 3: Top U.S. Imports Apparel (Significantly Less, yet still growing)

11. April 17, 2013BECO Day 711 Table 3: Top U.S. Imports Toys, games, and sports equipment

12. April 17, 2013BECO Day 712 Table 3: Top U.S. Imports Furniture

13. April 17, 2013BECO Day 713 Table 4: China’s World Trade  Import growth recently was greater than export growth > % change  (latest 3 years) A Significant Trade Surplus yet falling

14. April 17, 2013BECO Day 714 China’s World Trade In examining China’s import growth, let’s notice the fact that oil was up 100% (not from demand, prices are up 100% from last December), iron ore is up 42%, copper is up 63% (the price of copper is up 274%) and aluminum is up 164% - did quantity demanded change, just the prices or both?? In examining China’s import growth, let’s notice the fact that oil was up 100% (not from demand, prices are up 100% from last December), iron ore is up 42%, copper is up 63% (the price of copper is up 274%) and aluminum is up 164% - did quantity demanded change, just the prices or both?? – A note to remember from 2009 as oil prices again are over $100! – A note to remember from 2009 as oil prices again are over $100!

15. April 17, 2013BECO Day 715 Table 5: China’s Top Exports To the World - the same top three as to America  Notice the growth rates of 3 categories: Iron & Steel, Ships & Boats, Vehicles

16. April 17, 2013BECO Day 716 Shipbuilding in China

17. April 17, 2013BECO Day 717 Table 6: China’s Top Imports Raw materials Ores, slag and ash – for production

18. April 17, 2013BECO Day 718 Table 6: China’s Top Imports Chemicals, copper, iron and steel Also medical equipment and optics growth rates are high!

19. April 17, 2013BECO Day 719 China’s Raw Materials Imports

20. April 17, 2013BECO Day 720 Table 7: Trade Partners U.S. is top, however the growth is least and Europe is NOT a country (yet!) The European 27 (EU) is bigger than the U.S., however.

21. April 17, 2013BECO Day 721 Table 7: Trade Partners Greatest growth in Australia, Brazil, Malaysia and India, which makes sense yet still significantly less in the volume of trade

22. April 17, 2013BECO Day 722 Table 7: China’s Trade Partners Exports to ASEAN in January and February, 2010 totaled 18.69 billion U.S. dollars, a year-on–year increase of 52.9%, far faster than that to the United States and the European Union in the same period. Note the diversification in China’s Trade Reported by China International Capital Corporation

23. April 17, 2013BECO Day 723 Table 8: Export Destinations  U.S. is top as expected  Hong Kong usually tends to be an intermediate destination for further export Of course much of HK – China trade is mutually beneficial … to each other.

24. April 17, 2013BECO Day 724 Table 8: Export Destinations  Japan comes in lower but still significant  Europe as a group is large with Germany and the Dutch being strong economies but Italy at over 50% growth!

25. April 17, 2013BECO Day 725 Table 9: Import Suppliers  Japan, South Korea, and Taiwan lead  U.S. is also significant and growing well

26. April 17, 2013BECO Day 726 Table 9: Import Suppliers Again the countries that pop out:  Australia and Malaysia with over 50% growth rates!

27. April 17, 2013BECO Day 727 Growth in World Trade and GDP, 2000-11 a Figures for 2011 are projections, Source: WTO Secretariat. Annual % change

28. April 17, 2013BECO Day 728 Volume of world exports 1990-2011 1990=100 – Base Year for the Index