Where China Goes To Buy Made In USA

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Kenneth Rapoza

China loves Made in the U.S.A.

China’s Favorite U.S. States in 2012

The No. 2 economy kept its spot as the third largest importer of U.S. goods last year, second only to neighborly Canada and Mexico.“The U.S.-China trade relationship strengthens America’s economy and creates well-paying jobs for many American workers across the country,” said the U.S. China Business Council’s President John Frisbie.

In 2012, China purchased nearly $109 billion worth of  U.S. goods, from soybeans to scrap metal, electronic components to heavy machinery.  China will undoubtedly play a significant role as importer of Made in USA as locals keep getting richer. Some estimates forecast that China may have nearly 600 million middle class consumers by the end of the decade, as measured by the World Bank’s definition of middle class.

“Our exports to China remain a bright spot for many companies, particularly with European demand weakening,” said Frisbie in a statement last week.

Even though China’s economic growth slowed last year, growth in U.S. exports to China rose 6.5% from 2011, representing an increase of $6.6 billion.

Here’s a look at the top 10 states where Chinese companies go shopping for Made in USA.


SOURCE:  Forbes
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