American & International Corporations - China (2024)

FAQs

Does China need the US more than the US needs China? ›

China has most of what it needs now, and what it doesn't have it can easily obtain from vendors outside the U.S. While the American market looked enticing a few decades ago, it is relatively mature, and today the newer emerging market countries have become much more interesting to Beijing.

The counterintelligence and economic espionage efforts emanating from the government of China and the Chinese Communist Party are a grave threat to the economic well-being and democratic values of the United States. Confronting this threat is the FBI's top counterintelligence priority.

U.S. goods and services trade with China totaled an estimated $758.4 billion in 2022. Exports were $195.5 billion; imports were $562.9 billion.

The costs to the U.S. economy if we were to prohibit domestic companies (impacting companies such as GE, Honeywell, Collins, and Parker Aerospace) from engaging with COMAC would be significant: The U.S. Chamber of Commerce estimates that losing access to China's aviation market would translate into a loss of $38 ...

Household-name consumer brands like Starbucks, Nike and Under Armour have a large customer base in China. Tech and automobile giants like Intel, Apple (AAPL), Tesla (TSLA), General Motors and Ford not only rely on Chinese consumers, but also have huge manufacturing networks in the country.

Among those who name China as the greatest threat facing the U.S., nearly all see China as posing at least a fair amount of threat to both America's economy and its national security. In fact, around three-quarters say China poses a great deal of threat to both.

Americans in China (simplified Chinese: 在华美国人; traditional Chinese: 在華美國人; pinyin: zài huá měiguó rén) are expatriates and immigrants from the United States as well as their locally born descendants. Estimates range from 72,000 (excluding Hong Kong and Macau) to 110,000.

A variety of challenges, including terrorism, the trafficking of humans, narcotics and firearms, and the proliferation of weapons of mass destruction, threaten the security of the United States and of its allies.

What does the US sell to China? ›

US goods exports to China come from a wide range of industries including transportation equipment, agriculture, computers and electronics, and oil and gas, sustaining logistics jobs in America's ports and throughout the country.

The most common destination for the exports of China are United States ($551B), Hong Kong ($276B), Japan ($178B), Germany ($152B), and South Korea ($150B).

As of the end of 2022, data indicates the operation of around 5,000 Chinese-owned companies in the United States, spanning diverse industries such as technology, manufacturing, finance, and real estate.

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

“China is becoming more challenging for foreign investors. What businesses need above all else is clarity and predictability, yet across many sectors companies report that China's legal and regulatory environment is becoming less transparent and more uncertain,” Sean Stein, chairman of AmCham Shanghai, said.

China has at least a 70% dependence on about 412 items imported from the U.S. and allied countries, at a value of roughly $47 billion annually, according to the analysis. Beijing lacks ready-made homegrown alternatives for many of the items.

In 2021, of $151.1 billion in the U.S. exports to China, the top commodity were Machinery and Mechanical Appliances (23.9% of the total U.S. exports), Agriculture (20.9%), and Chemicals, Plastics, Rubber and Leather Goods (16.6%).

The OECD has estimated that the quantity of China's ODA-like aid in 2018 was $4.4 billion. If counted as ODA, this would have placed China tenth in the list of donor states that year, between Norway and Canada, and far behind the United States which provided $34 billion.

Based on total proven mineral reserves, China is only second to the US and Russia, ranking third in the world. This certainly supports the saying that China has a large territory and ample resources. Rare earths are undoubtedly an important resource with strategic value.