Patterns in U.S.-China trade since China's accession to the World Trade Organization / by Joseph Casey.

Format:

Book

Government document

Author/Creator:

Casey, Joseph (Lawyer), author.

Contributor:

U.S.-China Economic and Security Review Commission, issuing body.

Series:

U.S.-China Economic and Security Review Commission staff research report

Language:

English

Subjects (All):

World Trade Organization.

United States--Commerce--China--Evaluation.

United States.

China--Commerce--United States--Evaluation.

China.

Physical Description:

1 online resource (63 pages) : color illustrations, charts (digital, PDF file)

Other Title:

Patterns in United States-China trade since China's accession to the World Trade Organization

Place of Publication:

[Washington, D.C.] : U.S.-China Economic and Security Review Commission, 2012.

Summary:

Following China's accession to the World Trade Organization (WTO) in December 2001, expectations were high that U.S. exports to China would increase due to reduced tariffs and increased market access. An examination of trade data from 2000 to 2011 demonstrates the following patterns in U.S.-China trade that have taken place in the decade since China's accession to the WTO: 1. U.S. exports to China have more than quintupled in value but are dwarfed by the surge of Chinese imports into the United States, resulting in a steadily growing bilateral trade deficit; 2. A dramatic rise in the levels of non-manufactured goods (particularly agricultural products, raw materials, and mined natural resource products) exported by U.S. producers to China, to the extent that there is now a U.S. trade surplus with China in non-manufactured goods; 3. A dramatic rise in imports of Chinese-made manufactured goods into the United States, and a significant decrease in U.S. exports of manufactured goods to China as a share of total exports; 4. A steady move up the value chain for Chinese imports into the United States, most noticeably in computers and consumer electronics. However, in this latter category China often serves as an assembly and export platform for multinational corporations of components manufactured elsewhere in world, a fact that may not be clearly reflected in trade statistics.

Notes:

"November 2012."

Includes bibliographical references.

Online resource, PDF version; title from PDF cover (USSC, viewed July 6, 2021).

OCLC:

820553365