Economic Scenario of China
1.What is the trade situation of the country? How much does this country export/import (compare it to the US)? What products/services are exported/imported the most? Do they have a positive trade balance or a negative trade balance (line graph of the past 5 years)? Who are the most important trading partners (exports/imports) of this country (Pie-Chart)? Is the trade situation of this country improving or declining? What is the significance of having a positive trade balance?
2. What is the level of trade between this country and the US? What are the top 5 exports and imports to this country from the US? Why is this information relevant to companies in the US?
3. How is the currency of the country faring in the international monetary markets? Has the value of the currency gone up or down in the past several years? Use a line graph. Where is the currency anticipated to be in the near future? What does the value of a currency indicate? Why is the appreciation/depreciation of a currency important to a company in the US?
Organize your answers with headings and sub-headings in a paper format. Please do not use the questions as your headings. Use the APA style with in-text citations. Please make sure that you have a Table of Contents with page numbers. Please keep your paragraphs short (paragraphs that are more than half a page is to be avoided)
https://www.cia.gov/library/
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And the Content that I provide
Trade Balance…………………..
Imports…………………..
Exports…………………..
Improving Trade Scenario………………….
Currency Value…………………….
Impact of Currency Value on China…………………….
The examples
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According to the World Bank, China has the second largest economy in the world, supporting job opportunities and growing industries over the globe. Notably, China has supported two and a half million jobs in the United States of America, ranging from industrial jobs to trade based industries.
Trade Situation of China compared to the USA
In relation to China’s exports and imports, China has a turn over the import of $1.73 trillion and an export of $2.1 trillion in 2017 (Farole, 2011). Compared China, United States of America has the largest import and export since the USA currently has an import of 2.3 trillion dollars and an export of 1.87 trillion as of early 2018, making the USA a large importer compared to China. Remarkably, China imports a variety of electric and machinery such as computer products, oil, vehicles, soybeans, copper ore, and medical apparatus, totaling its imports to 189.25 billion dollars, making a total of 20% total imports.
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