Saturday, July 27, 2019
Chinese Trade Profile Research Paper Example | Topics and Well Written Essays - 500 words
Chinese Trade Profile - Research Paper Example China is essentially the globeÃ¢â¬â¢s second-largest trading country after the United States of America. Statistics has it that she is the worldÃ¢â¬â¢s leading exporter and comes second regarding imports. Between the years 2009 and 2011, the GDP ratio of China was about 53.1%, whereas her per capita was about $2,413 (Mion & Linke p 208). The output growth of China reached the highest value at 10.4% in 2010 for the period between 2009 and 2013 as shown in figure 2. Today, many countries all over the world prefer China to be their most vital bilateral trading partner. By 2011, China had become the largest exporter and importer by trading with 32 and 34 nations respectively (Mion & Linke p 208). The total value of Chinese exports is estimated to be $2.05 trillion.Her principal or primary export commodities include electrical and other machinery. These include data processing equipment, radio, telephone handsets, apparel and integrated circuits.Ã Ã Export Markets Her major export second-large stong Kong, the US, Japan, Germany and South Korea. The US trades with 17.2% of the total exports (Mion & Linke p 208). Hong Kong has a statistic of 15.8% as Japan trades with 7.4% of the exports. China exports 4.3% and 3.4% of her goods to South Korea and Germany. The rest goes to other parts of the world like Africa. China exports were highest in the year 2010 for the period between 2009 and 2012 as shown in figure 2. The total value of Chinese leading import goods is $1.817 trillion.