China to be biggest US trading partner (People's Daily Online) Updated: 2005-04-25 14:02
It is probable that China will take over Canada this year to be the largest
trading partner of the United States, said former US Trade Representative
Charlene Barshefsky at a trade negotiation recently.
Continued investment from the US in factories in China over the recent years
led to an explosive expansion of Sino-US trade.
In 2003, China surpassed Mexico to be the second exporter to the US.
Last year, the US imported from Canada US$256 billion of goods, mostly
automobile, mineral ore and fuel, while its US$197-billion imports from China
were mainly computer, sports goods and clothes.
China is now the third-largest trader in the world, after the US and Germany.
|