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WASHINGTON, June 16 (Xinhua) -- China continues to be an important contributor to U.S. economic growth, said the U.S.-China Business Council1 (USCBC) in its annual report on U.S. exports to China on Tuesday.
Over the past 10 years, U.S. exports to China have increased 198 percent, higher than the growth to any of the other top ten U. S. export markets, including its two largest trading partners, Canada and Mexico.
The report said that the exports to China helped support a wide range of industries including transportation equipment, crop production, computers and electronics2, and chemical industries in the United States. It quoted data from the U.S. Commerce3 Department as saying that global exports, including those to China, supported 11.7 million jobs in the United States in 2014.
Exports to China is key driver of U.S. economic growth: USCBC
Data from the U.S. Commerce Department showed that U.S. exports of goods to China rose 1.5 percent from 2013 to 124.7 billion dollars in 2014, making it the U.S.' third largest export market.
The report expected the growth of U.S. exports to China is likely to remain at a lower rate than seen in the past years, as China is undergoing4 a slower economic growth.
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1 council | |
n.理事会,委员会,议事机构 | |
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2 electronics | |
n.电子器件,电子学,电子技术 | |
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3 commerce | |
n.商业,贸易;社交 | |
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4 undergoing | |
v.经历,承受( undergo的现在分词 ) | |
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5 toward | |
prep.对于,关于,接近,将近,向,朝 | |
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