COLONIALISM AND IMPERIALISM
IMPERIALISM IN ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Balance of trade
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Peace
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Master Miagi
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Planes
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Detailed explanation-1: -China trade balance for 2021 was $462.25B, a 30.16% increase from 2020. China trade balance for 2020 was $355.15B, a 167.45% increase from 2019. China trade balance for 2019 was $132.79B, a 45.14% increase from 2018. China trade balance for 2018 was $91.49B, a 57.59% decline from 2017.
Detailed explanation-2: -The great bulk of China’s exports consists of manufactured goods, of which electrical and electronic machinery and equipment and clothing, textiles, and footwear are by far the most important.
Detailed explanation-3: -U.S. goods and services trade with China totaled an estimated $615.2 billion in 2020. Exports were $164.9 billion; imports were $450.4 billion. The U.S. goods and services trade deficit with China was $285.5 billion in 2020.
Detailed explanation-4: -As reported by WTO in 2023, exports of goods in 2021 were USD 3, 363.8 billion and imports USD 2, 688.6 billion, while exports and imports of services in 2021 reached USD 390.6 billion and USD 438 billion respectively. China reported an overall 40% increase in exports and 16% decrease in imports for 2021.