China to be biggest trading partner of US this year: former trade representative

It is probable that China will take over Canada this year to be the largest trading partner of the United States, said former US Trade Representative Charlene Barshefsky at a trade negotiation recently.

Continued investment from the US in factories in China over the recent years led to an explosive expansion of Sino-US trade.

In 2003, China surpassed Mexico to be the second exporter to the US.

Last year, the US imported from Canada US$256 billion of goods, mostly automobile, mineral ore and fuel, while its US$197-billion imports from China were mainly computer, sports goods and clothes.

China is now the largest trader in the world, after the US and Germany.

By People's Daily Online