What products is China known for?

China makes and sells more manufacturing goods than any other country on the planet. The range of Chinese goods includes iron, steel, aluminum, textiles, cement, chemicals, toys, electronics, rail cars, ships, aircraft, and many other products.

What products does China make?

Searchable List of China’s Most Valuable Export Products

Rank China’s Export Product 2020 Value (US$)
1 Phone system devices including smartphones $223,217,114,000
2 Computers, optical readers $170,176,156,000
3 Integrated circuits/microassemblies $117,099,589,000
4 Miscellaneous articles, dress patterns $55,225,956,000

What is China good at producing?

China is the world’s leading manufacturer of chemical fertilizers, cement, and steel. Prior to 1978, most output was produced by state-owned enterprises.

What does China trade the most?

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. Agricultural products, chemicals, and fuels are also significant exports.

What are top 5 industries of China?

The 10 Biggest Industries by Revenue in China

  • Copper Ore Mining in China. …
  • Building Construction in China. …
  • Real Estate Development and Management in China. …
  • Online Shopping in China. …
  • Mail-Order & Online Shopping in China. …
  • Residential Real Estate in China. …
  • Bridge, Tunnel and Subway Construction in China.
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What are China’s imports?

Imports The top imports of China are Crude Petroleum ($204B), Integrated Circuits ($123B), Iron Ore ($83.1B), Petroleum Gas ($47.8B), and Cars ($43.1B), importing mostly from South Korea ($136B), Japan ($128B), Australia ($111B), Germany ($107B), and United States ($103B).

What is China known for exporting?

The economy is considered to be relatively open if a country’s exports are around 15 percent or more of GDP. In 2020, China’s major export goods were automatic data processing machines and components, followed by textiles, clothes and clothing accessories, mobile phones, and integrated circuits.

What is China’s main export to the US?

The United States

The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

What products are in high demand in China?

Products with high demand: according to Diario COMEX, products profiting most in the Chinese market are meat, dairy product, fresh and processed fruits, oil, fish preserves, sugars and liquors.

Why are Chinese products bad?

Chinese-made goods mostly suck because many Chinese business people have lousy business values. When a Chinese manufacturer takes a contract, they often feel little or no actual obligation to manufacture according to spec, if cutting corners will make more money for them or their guanxi network of family and friends.

What does the US buy from China?

Machinery & Electrical: 24% of U.S. imports from China. Miscellaneous: 19% Metals: 10% Textiles: 8%

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How much money does the US owe China?

How much is the U.S. in debt to China? The United States currently owes China around $1.1 trillion as of 2021.

What does the US depend on China for?

The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet. The U.S. also depends on China to support its own exports; next to Mexico and Canada, China is America’s third largest and by far its most rapidly growing major export market.

What type of products does China export?

Here’s a list of China’s top exported products:

  • Machines (43%) Computers (6.6%) …
  • Textiles (12%) Women’s sweaters, suits, etc.
  • Metals (7.3%) Steel bars, iron structures, etc.
  • Chemical products (4.6%) Pesticides, fertilizers, antibiotics, etc.
  • Transportation (4.5%) …
  • Plastics and rubbers (3.9%)

What is China’s main economy?

Manufacturing, services and agriculture are the largest sectors of the Chinese economy – employing the majority of the population and making the largest contributions to GDP. Since 1949, the Chinese Government has been responsible for planning and managing the national economy.

Who do China sell their goods to?

List of largest trading partners of China

Rank Country / Territory Exports
1 United States 429.7
2 European Union 375.1
ASEAN 277.9
3 Japan 137.2