AMERICA CHINA TRADE

SOUTH CHINA MORNING POST –  Over time, China is transforming itself from the world’s largest factory to the world’s largest market. In the next five to 10 years, China’s middle class is projected to double to some 600 million people.

The gift that America gave to China’s markets is a gift that China is about to return to America.

Even if China made no significant progress in opening up its markets, absent a major trade disruption, it’s almost guaranteed that China will become the No 1 export destination for the US, eclipsing both Canada and Mexico. For the first time in a generation, the US has the real prospect of winning back some of those jobs it lost to China. CONTINUE READING

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