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China-US Trade at New High Amid ‘Decoupling’ Fears – Politico

The United States imported $538.8 billion worth of goods from China last year and sent exports worth $153.8 billion to the country


Pressure is piling on Chinese policy-makers to shore up a sector that is key to economic growth and provides jobs to around 180 million people.
Pressure is piling on Chinese policy-makers to shore up a sector that is key to economic growth and provides jobs to around 180 million people. Photo: Reuters.

 

Trade between China and the United States reached a record high in 2022, Politico reported, indicating the world’s two largest economies are more interconnected than ever, despite rising concerns of their impending ‘decoupling’.

The United States imported $538.8 billion worth of goods from China last year, the report said, citing data from the US Commerce Department. It also sent exports worth $153.8 billion to China, Politico said.

Read the full report: Politico

 

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]