China and the United States have different economic and politic agendas which impact business relationships between the countries. However, over the years, the United States and China have continued to grow in importance to each other – despite trade tensions.In 2006, the USA sold over $55 billion in goods to China. So, while there is negative publicity about the roughly $290 billion in imports from China, there are enormous business opportunities for USA businesses working with Chinese businesses – buying and selling to drive top line and bottom line growth.Small Business Opportunities with China are Growing It is not only large multinational USA companies that are benefiting from their business relationships with China. The number of small and mid-size USA companies trading with China continues to grow. Over the past 15 years, small and mid-size companies that export to China have grown ten-fold to nearly 30,000 companies.According the US Census Bureau, the US has a trade surplus in 8 out of 10 high-technology product categories. The majority of the US trade deficit with China is primarily in consumer products, such as electronic games, CD/DVD players and laptop PC’s. For many US market segments, there is relatively balanced trade with China.Small… Read full this story
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