China
Factoids
- American
electronics exports rose from $1.3 billion in 1994 to $3.3 billion in 1999.
- The Chinese
personal computer market is expected to double in the next five years.
- China ranks as
the top emerging market for the American electronics industry.
"Electronics
Lobby Focusing on China Trade"
Washington Post, March 21, 2000
U.S. high-tech
firms sold $1.6 billion worth of goods to China in 1998, an 11% increase over the previous
year.
"China Pact
to Widen Access for U.S. Firms"
Los Angeles Times, November 16, 1999
A World Bank
report estimates that China’s share of world trade could triple from
3.0% in 1992 to 9.8% by 2020, making China the world’s second largest trading nation after
the United States.
CRS Report,
"China and the WTO",
February 28, 2000
Studies suggest
there are over 300 million potential customers for the Florida citrus industry in China.
Florida officials expect the state’s citrus shipments to China to
eventually surpass those to Japan, which are worth more than $100 million annually.
"Florida
Finds Fresh Market",
The Asian Wall Street Journal, January 24-30, 2000
- The U.S.
Department of Agriculture estimates that under a China WTO agreement U.S. farm exports
would grow by $2.2 billion annually.
- The
Congressional Research Service, based on a Goldman Sachs economic analysis, estimates an
increase in U.S. exports to China from $12.7 to $13.9 billion by 2005 under a China WTO
agreement.
- The USDA
projects that 75% of future growth of U.S. farm exports will be to Asia, with China having
the potential to account for over half.
- The World Bank
estimates that China needs to invest over $750 billion in new infrastructure in the next
decade, including power generation, transportation, environmental, and telecommunications
systems.
Business
Coalition for U.S.- China Trade
referencing World Bank data
Number of Internet
Users in China:
1999: 4.0 million
2000: 8.9 million
(projected)
2001: 12.0
million
2003: 33.6 million
Washington Post,
citing as sources China Securities Regulatory Commission, BDA China Ltd., and staff
reports.
Number of websites
based in China:
June 1999: 9,906
December 1999:
15,153
"Despite
often slow connection speeds and high charges, Chinese users spend an average of 17 hours
per week on the Internet."
Washington Post,
citing as sources China Securities Regulatory Commission, BDA China Ltd., and staff
reports.
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