You work at the Ministry of Commerce People’s Republic of China. The Ministry Director has requested that you prepare a policy note on the trade relationships of China with the US over the last 20 years.
Your task is to prepare a policy note that covers, the following points using the relevant economic concepts you have seen during the course up to this point:
1. Expose the trends over the last 20 years of the total exports, imports and financial flows (FDI) between China and the US.
2. Identify which percentage of the total exports, which percentage of the total imports, and which percentage of the total FDI received does China represent for the USA and vice versa.
3. Identify the top 5 products or services that China has been exporting to the US over the last 20 years. Do the same for the USA to China. Have these top 5 products or services exported changed over this period? If yes, why? If not, why?
4. Identify the top 5 products or services that China has been importing to the US over the last 20 years. Do the same for the USA to China. Have these top 5 products or services imported changed over this period? If yes, why? If not, why?
