MAPI figures highlight growing trade gap between U.S., China

05/29/2013 |

Chinese manufactured exports will nearly double U.S. exports this year, widening the gap between the two countries, according to a recent MAPI report. Chinese exports are predicted to reach a surplus of more than $900 billion while the U.S. has a deficit of $500 billion. This is a significant gap, says Ernest Preeg, MAPI senior adviser for international trade and finance. "The economic and strategic importance of these rapidly widening differences in exports and trade balances for manufactures relates to the role of high-technology industries for technological innovation and military modernization," he says.

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