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pplier. *China is America’s thirdlargest export market and it is also America’s fastest growing export market. *China has passed Canada, bees America’s biggest import supplier. USChina Trade Structure: Table 1: Top US Exports to China 2022 1. Electrical machinery and equipment 2. Power generation equipment 3. Air and spacecraft 4. Oil seeds and oleaginous fruits 5. Plastics and articles thereof 6. Optics and medical equipment 7. Iron and steel 8. Copper and articles thereof 9. Organic chemicals 10. Pulp and paperboard Source: The USChina Business Council, “consulted in March 2022”. ↗ Source of the photos: 。 , “consulted in March 2022”. China has gradually shifted its export structure from labourintensive products such as textiles。 and toys to capitalintensive goods. USChina trade reached a particularly high level of growth: (1)the years after 1979, when they established formal diplomatic relations (2)in the postCold War era. Total USChina bilateral trade increased from $ billion in 1989 to over $409 billion in 2022 China has bee the USA’s largest deficit trading partner, China had a trade surplus with the United States of $ billion in 2022. Trade Disputes and Conflicts Appeared Quarrels before China joined the WTO: China’s MFN status, Chinese exchange rate, IPR III. Bilateral Trade Disputes and Frictions After China joined the WTO: Disputes sent to the DSB A dispute arises when one member believes another is violating an agreement or a mitment ▼ Appeal to the DSB to resolve the dispute ▼ The DSB will establish “Dispute Panels” to consider the ca