The US-China Trade Relationship

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Sino-U.S. trade volume grew from 2.5 billion U.S. dollars in 1979 to about 519.6 billion dollars in 2016, surging by 211 times within 38 years, according to MOC statistics. A report from the U.S.-China Business Council (USCBC) showed that bilateral trade and investment in 2015 created about 2.6 million jobs for Americans and contributed to about 1.2 percent of U.S. GDP that year.

The USCBC expects U.S. exports to China to reach 520 billion U.S. dollars in volume by 2050, while China’s exports to the United States will help lower local prices by 1 to 1.5 percentage points.

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