Modern trends in trade in goods and services between USA and China

In 2012, bilateral trade in goods between the United States and China amounted to 536.1 billion dollars. China was in second place in terms of trade with the United States after Canada, the third export market and the largest supplier of goods for the United States. More and more often these companies now receive permission to conduct operations in China to implement their services to consumers in this territory. This opens up great opportunities for US service provider companies. In addition, increasing trade with China has a positive effect on labor productivity in the United States. This effect was especially noticeable until 2005. US consumers win twice: firstly, their average annual income increases by the same percentage as GDP; secondly, the level of consumer prices is falling.