Tuesday, January 18, 2011

Some facts about Sino-American relations

- America was having $58 billion direct investment in China in 2005.
- More than 100 multinational American companies are operating in China. Mainly in Hotel and petrochemical industry.
- According to some estimates, China will cross the economic power of America in 2025.
- US is a military power. Total defense budget of America is more than the combined defense budget of 100 big nations.
- Total trade between China and America was 33$ billion in 1992. In 2005, it rose to $284.5 billion.
- Total trade deficit of America with China was $200 billion in 2005.
- China is second largest importer of America.

Important Issues between China and America:
- Devaluation of Currency (Yuan) by China
- Republic of China (Taiwan)
- North Korea
- Human Right Violence in China

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