US has made false deficit claims: report
chinadaily.com.cn |
Updated: 2019-06-08 17:28
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The US has made great profits from trade with China
1. The US has made $940 billion from trade with China and related activities in 2017.
$153.9 billion (US goods export to China)
+ $87.1 billion (US service export to China)
+ about $700 billion (Actual sales revenue of US companies in China)
≈ $940 billion
2. Capital flows into the US totaled $1.37 trillion from China by the end of 2017.
$155.8 billion (Accumulative investment to US from China)
+ $1.18 trillion (US debt that China owns)
+32.6 billion (Investment income of US financial entities that invest in China’s financial entities)
≈ $1.37 trillion
US propagation of a "loss" in US-China trade is groundless!
