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 <title>China Trade: U.S. Exports, Investment, Affiliate Sales Rising, but Export Share Falling</title>
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<abstract>China is important to the global economy and a major U.S. trading
partner. By joining the World Trade Organization (WTO) in 2001,  
China pledged to further liberalize its trade regime and follow  
global trade rules. While U.S.-Chinese commercial relations have 
expanded, controversies have emerged, including the size and	 
growth of the U.S. trade deficit with China, China&apos;s lack of	 
intellectual property protection, and China&apos;s implementation of  
its WTO obligations. Despite these challenges, China&apos;s vast	 
consumer and labor markets present huge opportunities for U.S.	 
exporters and investors. GAO (1) analyzed U.S. goods and services
exports to China, (2) assessed how U.S. exports to China have	 
fared against those of other major trading partners, and (3)	 
analyzed U.S. investment and affiliate sales in China. We	 
provided the Office of the U.S. Trade Representative, the	 
Departments of Agriculture and Commerce, and the International	 
Trade Commission with a draft of this report for their review and
comment. These agencies chose to provide technical comments from 
their staff. We incorporated their suggestions as appropriate.</abstract>
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 <topic>International economic relations</topic>
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