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Relationship between China and America
Us and china trade
Us and china trade
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U.S and China trade deals The U.S and China relations has intend become very well known in the international scene. There are some many good things about trade and the economy such as competition, security, wealth, fairness, globalization interdependence and domination and strength for all countries that open their border to trade and influence between other countries. It is also a great thing to bash in politics in the U.S. There are benefits to trade to each country as wells as what are the disadvantages of the trade deals and are there certain agreements that are being manipulated and the manufacturing sector in the U.S. economy and the reason why China and the U.S. behave they say it does with each other (Mearsheimer) in the international …show more content…
In 2001 China entered the WTO it has made major stride in the world economy especially with trade agreements with the biggest capitalist economy and the biggest GDP and most developed country in the world the United States of America which has nearly 2.3 trillion of exported goods and service in 2013 (President, n.d.) When China entered in the WTO it had become the sixth largest economy and the largest market trade and was slightly ahead of Italy and just behind France. “China is third largest trading partner with the U.S and its trade surplus with the U.S. has increased to $201 billion around 2005 and by 2014 the total China-U.S. trade deals was 591 billion”. (Morrison, 2015) It had a global current account of $160 billion around 2005 (Hufbauer, Wong, & Sheth, 2006). As of 2015 “China is the U. S’s second largest trading company and the third largest export company and its biggest source of import”. (Morrison, 2015) Sales from a foreign affiliated U.S. firms in China totaled at 364 billion by 2013. (Morrison, 2015). What is also amazing is that China has the biggest U.S. treasury bonds and that keeps U.S interest rate low. Between 2010 to 2014 General Motor sold more cars in the Chine’s market than in the U.S. market and many U.S. firms participate in Chinese market to stay globally competitive. (Morrison, 2015). This kind of …show more content…
China is an economic power and the U.S. behaves with china because of security reason and China has the biggest U.S debt. If China decides to call it in it will have a huge impact in the U.S. economy and it will destroy its own economy as well. China is the second largest importer and exporter of the U.S. trade deals. The U.S sees china as a security concern because it has become very powerful and its economy is really big which can start investing in its military and increase threat and destabilize region and to U.S. allies such as Japan and South Korea. Furthermore, U.S sees china as a security because it has invested a lot in Africa because of its continental natural resources, and around 2007 the Congolese Government announced that China would bullied and refurbish rail ways, roads and mines in Congo at about $12 billion and china would benefit by mining copper ore and shows that it is dedicated to investing no matter how big the price tag would be in war torn countries. China has also invest in Nigeria by rebuilding its railroad system and is building a new railroad system. In Gabon it has paved almost 80 percent of its roads and Chinese firms are exploring for Oil and natural gas. The U.S and behaves negatively towards China as well because of currency manipulation and devaluing its currency to get and advantage in trade, as well as violations of Human Rights,
Trade is the most common form of transferring ownership of a product. The concepts are very simple, I give you something (a good or service) and you give me something (a good or service) in return, everyone is happy. However, trade is not limited to two individuals. There are trades that happen outside national borders and we refer to that as international trading. Before a country does international trading, they do research to understand the opportunity costs and marginal costs of their production versus another countries production. Doing this we can increase profit, decrease costs and improve overall trade efficiency. Currently, there are negotiations going on between 11 countries about making a trade agreement called the Trans-Pacific
Moreover, economic interdependence promotes peaceful trade between countries since it is beneficial and avoids war at all cost. For example, “China’s economy is thoroughly integrated in this complex interdependence global economy,” thus it would be suicidal for China to start war (Wong, The Rise of Great Powers, Nov.18). China free trades with the Association of Southeast Asian Nations (ASEAN) and has developed a profitable relationship that led to trade surplus (Kaplan, pg.3). As a result, starting conflicts with the ASEAN will threaten the Chinese economy because it will drastically impact free trade and will cause a downfall in profits. The possibility of war between China and United States is remote because China would rather benefit from resources such as, security, technology, and market that United States provides (Wong, The Rise of Great Powers, Nov.18). Although economic power shifts to China, United States provides security because it has always been the dominant hegemony; therefore, it has a better and powerful economy (Green, pg.34). It is evident that China’s economy is rapidly increasing, but it still has no interest in being the head hegemony and therefore does not challenge United States. That being said, countries choose to avoid conflicts with United States or their trading partners since it will negatively impact their markets and investments.
The United States and China share the most imbalanced bilateral trade relationship in the world. The United States imports more goods from China than it exports to a tune of $202 billion dollars each year. All told, China alone accounts for nearly 26% of the United States' $725.8 billion trade deficit. “Increasingly, this imbalance has been the subject of a major political backlash within the U.S. congress, where some have charged that the US is destroying its industrial base to support a communist country's industrialization." http://worldnews.about.com/od/china/a/china_trade.htm
China's record of human rights violations is long and mind-boggling. Atrocities such as purging tens of millions of people during the Cultural Revolution, its infamous one-child-per-couple Population Policy, persistent oppression of Tibet and the bloody June 4 massacre at Tienanmen Square in 1989 have given the Chinese government a reputation of having little respect for human life. And yet, despite its tarnished record, China maintains its Most Favoured Nation trade status with the US and is one of Canada's top ten recipients of bilateral trade. As supposed supporters of human rights, Canadian and US governments have developed hypocritical attitudes toward China, compromising ethical values for material gain. Instead, North American nations should restrict aid and trade with China to programs that can be used to encourage social reforms.
...e economy. Since China and the United States have interconnected economies instability in China could lead to problems in the United States.
The U.S. will continue to talk and trade with China and long as that try to change their ways.
Morrison, Wayne M. "China and the World Trade Organization." Congressional Research Service (CRS) Reports and Issue Briefs. Congressional Research Service (CRS) Reports and Issue Briefs, 2002. Academic OneFile. Web. 3 Oct. 2011.
In United States the economy has changed over the years the government wants their people to be more competitive and more marketable compared to other country such china. Many people have come to the conclusion that China may be a threat in the near future because of their growing economy and increasing influence in the world.
Sangvhi, Saurabh. "Trading China.(US Senate Votes To Extend Normal Trading Relations With China)(Brief Article)." Harvard International Review 1 (2001): Academic OneFile. Web. 13 Dec. 2013.
All three countries have political, economic, and national security issues involved and the United States and China are both in competition economically and militarily to be the greatest superpower in the world. All three countries have vowed to defend their national interest militarily; however, the prospects of going to war for any of the three are perilous indeed and the conflicts between China and Taiwan have continued into the early 21st century. .
is that they have the right to feed the people first as that is the
From the beginning of their establishment, the bilateral relations between the United States of America and China have changed throughout the time. The bilateral relations between the two countries emerged in the 1970’s with the ‘Ping-Pong’ diplomacy and there have been many pauses in their mutual relations. The US and China enjoyed cooperation in economic and military spheres and the mutual relations grew massively during until the end of 1990’s. The heads of the two states began visiting each other’s countries and the economic ties were tightening year by year. However, the issues of human rights and free speech declined mutual Sino-American relations.
...side of any trade partner with China because of its desire for cheap labor which has cost America countless manufacturing jobs (Rendell) and thus, making China a worthy adversary to claim number one spot for the world’s best economy.
In the race to be the best, China is clearly outperforming the United States. China has strong economic fundamentals¬ such as “a high savings rate, huge labor pool, and powerful work ethic” (Rachman, Gideon. "Think Again: American Decline). Their economy has grown an astonishing 9-10% over the past thirty years; almost double of what it used to be decades ago. China is also the “world’s greatest manufacturer and its greatest market” (Rachman). The continuing growth of China's economy is a source of concern for not only the U.S. but surrounding nations as well. One could argue that the U.S. need not worry about China’s growth because of the spread of globalization and that western ideologies would influence China to turn to democracy. Yet China has still managed to “incorporate censorship and one party rule with continuing economic success” (Rachman) and remains a communist country. Hypothetically, even if China does resort to a democratic state, this does not gua...
The alliance between the People’s Republic of China (PRC) and the Soviet Union was formed as a result of mutual interests and the desire of both states to pursue their respective national and geopolitical imperatives. Although Chinese historical experience and Marxist ideology played a role in constructing these interests, the actions of the Chinese Community Party (CCP) reflect an overarching proclivity toward solidifying their power and securing the nascent republic. This essay will examine the multifarious factors that influenced the Soviet alliance, including relations between the PRC, United States (US) and Soviet Union in addition to PRC foreign policy and its strategic objectives.