US-China Trade 2008

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A 3 page paper discussing the balance of trade between the US and China. The US-China Business Council states that China is the fastest-growing of all of US export markets and that those exports serve to prevent an even wider trade deficit with China. China currently has price controls in place on some food items, gasoline and other basics, but even with those controls food overall has increased 21 percent from 2007 to 2008. Both the US and China may be forced to acknowledge the true state of their currencies to gain a full picture of their current state of trade. Bibliography lists 8 sources.