China
China Export - Leading the International Trade
In the world market, China exports have emerged from relative insignificance to one of the leading players. The country has pursued policies favouring development of foreign-invested factories, which assemble imported components as consumer goods for export, and liberalizing trading rights. And one of the most reliable web sites for exploring China Exports are google and Masterseek in the B2B segment.
United States – A Favored Export Market
The United States is China’s second-largest trading partner. Transnational companies use the country as an export-processing zone due to favourable taxation and industrial policies. With its large population of semi-skilled laborers, the country’s economy has long been dominated by labor-intensive industries. In recent years, the country has increased its high-tech exports and has become the world’s top exporter of information products including cell phones, laptops, and digital cameras. Companies like Dell have set up manufacturing facilities there and they export finished products to the United States. Around 60% of the country’s total exports are from assembly factories of foreign-invested firms.
U.S imports from China have increased due to the growth of small and mid-sized re-sellers and giant discount retailers like Wal-mart, who primarily source from the country. With their extensive logistic networks and outlets, these retailers provide an ideal channel for mass producers of cheap goods in China. China’s low priced quality imports are popular in the U.S and they have a reputation for good quality shoes, clothing, and basic commodities.
China Imports
China’s import demand has stimulated export growth among its trading partners including U.S. Due to rapid industrialization; there has been significant increase in demand for commodities like oil, steel, base metals, and iron ore. China imports huge amounts of farm produce such as wheat, soybeans, oranges, fertilizers to meet the country’s production and living needs, which at the same time effectively sustains America's economic development and employment.
Canada and China
There has not been significant Chinese imports to Canada as most Canadian firms do not specialize in manufacturing machinery or the kinds of components that Chinese factories assemble into finished products. China’s major exports to Canada are from light-manufacturing industries, which include electrical machinery, toys, and sports equipment, furniture, and textiles. On the other hand, considerable growth in Chinese imports from Canada has been in wheat, raw materials like wood pulp, metals, and fertilizer. China is among the top five markets for Canadian exports.
China export has been fuelled by economic reform and Foreign Direct Investment inflows making it a manufacturing powerhouse. Chinese import rate has kept pace or exceeded the rate of export because of the country’s rapid economic growth.
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