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Trade in China

Trade In China

Trade in China is one of the trade markets that has greatly impacted the global trade since the 1970s, when China would eventually be able to explore more international economic ventures. Furthermore, it would be during the 1970s that China would make efforts to modernize its economy, exploring China trading not only on the domestic level, but more so on the international level.

Certain changes that came about as the result of the founding of the People's Republic in China in 1949, particularly in regards to the economy, trade in China would be allowed to explore the free trade market, both on the domestic and foreign fronts.

In regards to international trade, one of the biggest partners that is involved in China trading is the United States. The international market trade in China has proven to be increasing at dramatic rates, particularly since the 1970s. This is evident especially in the United States, with so many products bearing the "made in China" label. However, it is important to note that China trading with the United States usually involves the United States importing.

Trade in China in regards to importing goods is not as popular or implemented when compared to the amount that China exports. For this reason, there are almost no trade barriers between the United States and China, particularly in regards to non-agricultural products.

NEXT: What are International Trade Services?

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