China’s economy has shown exceptional growth since entering the WTO. Many American companies have already benefited from Chinese market growth.. USA exports to China have averaged over 20% growth per year over the past 5 years. China has surpassed the UK and Japan to become our third largest export market.
China’s markets continue to grow robustly at 9% to 10% per year with very low inflation of under 1.5%. Foreign investment remains very strong at roughly $55-60 Billion per year. This investment is increasingly coming from small to mid-size companies which see China as a real opportunity for growth.
Of China’s 1.3 billion population, there is a large middle class of 200 million people centered in urban areas which is roughly the same size as America’s middle class. This Chinese middle class have an increasing appetite for products and services which will fuel future growth of attractive markets in China.
Exports of over $200 billion from China to the USA continue to exceed exports from USA to China by about four times. China has become America’s second largest supplier, after Canada. China and the USA are two engines that are driving the global economy, and are mutually dependant on each other for continued prosperity.
