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FENCETECH 2019

Jul 13, 2018

The United States is a highly developed capitalist country with political, educational, economic, military, cultural, and innovative capabilities that lead the world. The global economic GDP index is about one quarter of GDP in the United States. The United States is the world's largest importer and third largest exporter. The main US export commodities are: chemical products, machinery, automobiles, aircraft, electronic information equipment, weapons. , food, medicine, beverages, etc. The main imported goods are: food, clothing, electronic equipment, machinery, steel, textiles, petroleum, natural rubber and tin, chromium and other metals.

According to the statistics of the US Department of Commerce, from January to May 2017, the bilateral import and export volume of US and China was US$237.15 billion, an increase of 9.8%. Among them, the United States exports 49.53 billion US dollars to China, accounting for 7.9% of total US exports; the United States imports 187.62 billion US dollars from China, an increase of 8.1%, accounting for 20.0% of total US imports. So far, China is the second largest trading partner of the United States. The third largest export market and the largest source of imports. In 2016, due to the lower oil price, the slowdown of China's economy, the turmoil in the global economy and the impact of the US dollar on exports, corporate capital expenditures and inventories were hit hard, but the impact of these factors is gradually weakening. After Trump took office The effect of the fiscal stimulus will mean that the economy will drive fast. China's products have certain advantages in the United States with quality and price. Participating in this exhibition can more directly understand the cutting-edge technology, market development and future trends of this industry.