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Subtle Changes Have Taken Place In The Nature Of Trade Between The United States And China.

2011/1/26 15:35:00 89

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China is the largest foreign consumer in Washington state.

For a long time, the dominant commodities on China's purchase list are Boeing aircraft and aviation parts, with a total value of nearly 4 billion dollars per year.

However, to China

Trade

The nature is undergoing subtle changes.

Today, more pportation from Seattle to Chinese ports is

Raw material

Food and basic commodities, such as wood, copper and silicon.

"It looks like we are like a third world country," said Bill Stafford, chairman of the greater Seattle Trade Development Alliance.

In terms of trade relations with China, in a sense, this is also a reversal of role.

"Ironically, the world has changed too much," said Conrad Lee, vice mayor of Baer Wei, Washington. "Before long, we went to other countries to mine their resources, and now they are in reverse."

Among the top 10 exports to Washington, which are highly dependent on trade, the fastest growing ones are chemical products, iron ore, silicon, wood and fur.

Although China's growing mineral exports contribute to the local economy, West Forde and others have begun to question what Washington will sell to the world's largest market, especially as China uses its own technology to produce more products.

They believe that the region needs to develop a strategy to ensure that it continues to create high value-added products that provide better job opportunities.

As China works hard to pform its image from a world sweatshop into a technology producer, such as the booming solar energy industry, it needs a lot of silicon and silane.

For Washington state, this demand led to an increase of 300% in silicon exports to China last year.

With the promotion of China's real estate industry, timber exports to China climbed 400% last year, worth 347 million US dollars.

China's ore in 2005

Exit

For $14 million, it increased to 133 million by 2009.

In 2005, the value of oil and coal products exported to China amounted to US $21 thousand, which increased sharply to 30 million in 4 years.

At the same time, Chinese companies are busy acquiring foreign technology to pform products from low cost goods to more advanced ones for sale in the world.

"China is working to upgrade its products to provide greater value and more innovative technology," said taay Josh Tani, chief executive of Seattle port. "From Beijing's point of view, this is very wise, but for global competition, it poses another potential challenge to the United States."

The Seattle times January 22nd article: the export commodities to China are changing.