Visit the U.S. Government Web site: http://www.export.gov/tradedata/index.asp Go to the Import/Export Data link. Find Trade Stats Express. Find National Trade Data. Determine the trade balance between the U.S. and China for the period of 2005-2011. Based on the data provided, can you help me create a report in Microsoft Word, discussing the trade balance between China and the U.S. for the period of 2005-2009. Please include an analysis of the effect of such trade balance between the economies of China and the U.S., both individually and comparatively. Justify your analysis by using appropriate examples and references.
The US falls behind China in terms of exports. It is unbelievable to see that the United States imports more Chinese product than it can export. You can say that this has resulted to a positive balance of trade in favor of China and unfavorable to the United States.
With regards to failing GDP, it can be observed that there was a very significant reduction of US GDP growth starting in 2005 (a figure of 6.49%) to a negative GDP of -2.47% in 2009. The negative GDP growth in 2009 was further aggravated by the Great Recession. Discuss that this is a very dangerous GDP ...
The solution shows, in graphs and charts, how the United Stated is falling behind China in terms of trade. The discussion showed the trade gap and suggestions what economic intervention can be implemented by the United States to counter the imbalance.