exporters cite “inconsistent regulatory interpretation and unclear laws” as one of the biggest challenges to doing business in China. Laws, regulations and other measures that called into question the openness of China’s investment regime.Industrial policies that limit market access for imported goods, foreign manufacturers, and foreign services providers, while offering substantial government guidance, resources, and regulatory support to Chinese industries.Increased competition from Chinese competitors.Rising costs of doing business-AmCham’s 2019 survey found that over half of its member companies experienced an increase in non-tariff barriers in 2018.Inconsistent and generally unfavorable interpretation of regulations.China’s sluggish economic growth: According to most recent data, China’s growth dipped down to 6.6% in 2018, its slowest in nearly 30 years.Exporting to China: The ChallengesĮxporting to China is difficult for many reasons, including the following noted by the American Chamber: Leading export categories include: soybeans ($3.1 billion), cotton ($924 million), hides and skins ($607 million), pork and pork products ($571 million), and coarse grains ($530 million). China is the United States’ fourth-largest agricultural export market. total exports of agricultural products to China totaled $9.3 billion in 2018-down from 21 billion in 2014. Optical and medical instruments: $9.8 billion.Trade Representative, China was the United States' third largest goods export market in 2018. Exports to ChinaĪccording to the Office of the U.S. goods than they did before the trade war began in 2018. In fact, China is currently importing fewer U.S. Unfortunately, the latest data indicates that China is falling short of that goal as of September 2020. There appeared to a breakthrough in negotiations between the two countries in January 2020 when the two countries announced a Phase One Agreement, in which China agreed purchase an addition $200 billion of U.S.-made goods and services over 20. China, in turn, has set tariffs on $185 billion worth of U.S. has slapped tariffs on $550 billion worth of Chinese products. goods, and the two countries have battled back and forth ever since.Īccording to the China Briefing website, "the U.S. China responded with additional tariffs of its own on U.S. In 2018, the Trump Administration imposed a variety of tariffs on Chinese goods in response to what it called unfair trade practices. exports of services to China were an estimated $58.9 billion. exports to China in 2018 were $120.34 billion, down from $129.89 billion the previous year. ( CIA World Factbook)Īccording to the International Trade Administration's (ITA) China Commercial Guide, U.S. The country became the world's largest exporter in 2010, and the largest trading nation in 2013. In 2017, China stood as the largest economy in the world as measured by a Purchasing Power Parity (PPP) basis that adjusts for price differences. companies looking to break into the Chinese market. trade with China the process of exporting to China, including documentation and compliance requirements and the benefits and considerations for U.S. In this article, I’ll share many facets of exporting to China you can use to help you decide if this market is a good option for you-including the history of U.S. exporters still consider breaking into the Chinese market? Unfortunately, there’s no one-size-fits-all answer for exporters. With all of these factors in mind, should U.S. exporter pessimism is evident, especially in light of China’s slowing economic growth, mounting concerns about national security implications of technology supply chains, and U.S. Yet, this formidable giant gives many small and midsize exporters pause-U.S. That makes it an undeniable force in international trade. By many measures, China is the largest economy in the world.
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