China–U.S. economic relations and the trade imbalance issue

This chapter examines the dramatic development of the bilateral economic relationship between China and the U.S.A. By 2006, the U.S.A. had become China’s second largest trading partner, its largest export market and the sixth largest source of imports, and China has become the second largest trading partner of the U.S.A., its fourth largest export market, and the second largest source of imports. In addition, China has become the tenth largest U.S. services export market since 2004.