Business

China has been well-known as one of the world´s top exporter of goods and materials because it offers very low prices for almost any kind of equipment, materials or goods. Similarly, China imports a lot of materials from all over the world to boost its gigantic manufacturing industry. According to a website that lists information about trade relations between U.S. and China, Usually, China´s top imports ( from the U.S. ) include electrical machinery and equipment, oil seeds and oleaginuous fruits, power generation equipment , air and spacecraft, plastics and other articles, optics and medical equipment and iron /steel ( 2008 data).On a world-wide level, China´s top imports include mineral and fuel oil, power generation equipment , ores and medical equipment.

This statistics show that China also needs raw materials that can be converted into finished products which they would later export to developing countries. At the same time, it has been beefing up its own medical and aircraft technologies since the country is rapidly progressing. More and more millionaires are sprouting in China´s society everyday especially those who have engaged in the trading business. As a whole , China´s imports in 2009 decreased by as much as 16% as compared to 2008 according to P RC National Bureau of Statistics and PRC General Administration of Customs, China’s Customs Statistics. The decrease was due to slowed production brought about by the world wide recession.

China´s import statistics are very important for those who want to trade with China. It provides an overview of what products, equipment or materials can be supplied to this manufacturing giant. Currently, the top trade partners of China are U.S., Japan, Hong Kong, South Korea, Taiwan , German, Australia , Malaysia , Singapore and India. There are many sources of statistics online that can provide good data about China´s imports. Some online sites are from universities while the rest are reliable statistics site on the web. Trade associations also give reliable statistical data about China´s exports and imports. Chamber of Commerce as well as bank sites can furnish also data.

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