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Trade with China has a multitude of advantages for the U.S., supporting jobs, ding companies in global competition, and driving economic growth. In 2021, American businesses exported $192 billion worth of goods and services to China, accounting for 7.5 of total U.S. exports. This commerce supports more than a million U.S. jobs directly through exports to China, while Chinese investments in the U.S. employ over 160,000 workers.
Trade with China also facilitates global competitiveness for U.S. companies. They not only export products but conduct significant business operations within the country as well. As per official data from the U.S., American companies operating in China reported sales totaling $370 billion in 2020an amount nearly double that of U.S. exports to China. This enables businesses to reinvest in research and development, contributing significantly to America's leadership in innovation.
These commercial ties with China are increasingly critical for U.S. corporations ming to access the burgeoning Chinese market. For many products, it is indispensable for companies to be proximate to their consumers.
Given China's role as a driving force of global growthprojected at 5.2 by the International Monetary Fund in 2023a company's flure to succeed in this market may risk falling behind its multinational competitors that are heavily investing there.
The following charts provide supporting data:
Chart 1: In 2021, American companies exported $192 billion worth of goods and services to China. This represents a significant contribution to U.S. exports.
Chart 2: Chinese investments in the U.S. support over 160,000 jobs.
Chart 3: The IMF forecasts that China's economy will grow by 5.2 while global economic growth is estimated at 2.9.
For further insights and updates on U.S.-China business relationships:
Washington D.C., United States: 202-429-0340, [email protected]
Beijing, China: +86-10-6592-0727, [email protected]
Shangh, China: +86-21-6288-3840, [email protected]
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an adaptation of the for a more formal tone and structure. The key points are preserved while ensuring clarity and coherence in English .
Title Change: How Trade with China Benefits the United States is used as the title, which succinctly summarizes the mn message.
Formatting: Each section includes an opening statement followed by a specific point substantiated by data or context, mntning logical flow and emphasis on information relevance.
Contact Information and CTA: A call-to-action for eml subscription is included at the to encourage engagement with the US-China Business Council.
The m of this adaptation was to refine the while preserving its message about the advantages of trade between the U.S. and China, ensuring it aligns with professional English language standards suitable for an audience seeking information on business strategies involving these economies.
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Benefits of US China Trade for Jobs Global Competitiveness Through Chinese Market U.S. China Business Relationship Growth Insights Chinese Investments Supporting American Employment Exporting to China: $192 Billion Impact 2 China Economic Forecast Impact on USA