In 2005, the Sino-US economic and trade relations were further
enhanced, with China becoming the fourth largest export market of
the United States, China's Ministry of Commerce said
on Tuesday.
Figures from Chinese customs also show that in the first 11
months of 2005, the Sino-US trade volume reached US$191.55 billion,
up 25.4 percent year on year.
During the period, China's export value to the United States
grew 31.7 percent to US$147.64 billion, and import value from the
United States grew 8.1 percent to US$43.92 billion, with a trade
surplus of US$103.72 billion, up 45.1 percent.
By October 2005, the United States remained China's largest
export market and second largest trade partner, the Ministry of
Commerce said, expecting China to become the US second trade
partner in the future.
Meanwhile the U.S. contracted investment in China totaled
US$11.89 billion, up 10.51 percent and involving 3,402 projects. By
November 2005, the total contracted US investment was US$110.5
billion, involving 48,667 projects.
With the rapid development of bilateral economic ties, the two
countries also saw some trade disputes. During the first 11 months
of 2005, the United States launched four antidumping investigations
and one safeguard investigation against China.
(Xinhua News Agency January 11, 2006)