China’s Favorite U.S. States in 2012
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.