Résumé
Economic and trade reforms in 1979 have helped transform China into one of the world's fastest growing economies. China's economic growth and trade liberalization, including trade involvements made upon entering the World Trade Organization in 2001, have led to an astute expansion in United States-China economic links. In 1978, China was the thirty-second largest American export market and its fifty-seventh largest source of its imports. In 2006, China ranked as the fourth largest export market and its second largest source of imports. In recent years, China has been the fastest growing American export market and the importance of this market is expected to grow even further as living standards continue to improve in China and a sizable middle class emerges.
Yet, bilateral trade relations have grown more and more strained in recent years over a number of issues, including a large and growing Unites States trade deficit with China: $233 billion in 2006. Moreover, China's refusal to adopt a floating currency and failure to sufficiently implement its World Trade Organization obligations, especially in regards to intellectual property rights protection.
Table of contents:
Introduction
I) Trade between China and Unites States
A. United States trade balance with major trading partners
B. United States trade with China
C. United States exports to major trading partners
D. Major American exports to China
E. Major China exports to United States
II) China and American economy are complementary
A. Economic ties
B. How reducing the trade imbalance between China and the United States?
C. Outlook for United States and China trade relationship
III) Tensions between the two giants
A. The U.S. trade deficit: Made in China?
B. China's Currency Peg
C. China and the World Trade Organization
D. Violation of U.S. Intellectual Property rights
E. U.S. Restrictions on Certain Imports from China
F. Chinese Acquisition of U.S. Companies
Conclusion
Bibliography