Despite Low Global Trade Growth Outlook U.S. Business Optimistic about Trade
December 14, 2015 | HSBCEstimated reading time: 3 minutes
- The stabilization of China’s economy
- Stronger investment spending supporting solid growth of import-demand in the developed markets
- Cyclical recovery in key sectors’ Trade liberalization gaining traction
- Growth beyond merchandise goods into trade of services
US Exports to China Expected to Grow by 9% a Year to 2030
Over the longer term, the trade forecast shows global economic growth to be strongest amongst the economies of East and South Asia. Two-way trade flows between the U.S. and Asia are expected to grow in importance relative to slower growing but more established trade ties with industrialized economies. US exports to China are expected to grow by nine percent a year on average in the decade to 2030, so that by the end of this period China will have surpassed Mexico as the second largest market for US exporters.
“Increased trade with Asia, particularly China, represents a major business opportunity for US businesses,” said HSBC’s Huh. “And with the recent IMF decision to include China’s currency in its SDR basket, US companies may want to consider how to make renminbi part of their business strategy."
Page 2 of 2Suggested Items
Choosing the Right Strategic Path
04/29/2025 | Marcy LaRont, PCB007 MagazineTom Yang, CEO of CEE PCB, discusses the current economic challenges, noting reduced purchasing power post-pandemic. He highlights the growing demand for HDI in consumer electronics due to AI growth. Tom also expresses concerns about tariffs under the new U.S. administration, prompting CEE to diversify production locations, including new plants in Southeast Asia. He emphasizes the need for PCB manufacturers to adapt strategically amidst rising costs and fierce competition, particularly for mid-sized shops facing unique challenges in the industry.
Linkage Technologies, Inc. Celebrates 10 Years of Excellence in PCB Solutions
04/22/2025 | Linkage Technologies, Inc.Linkage Technologies, Inc., a premier provider of printed circuit boards (PCBs) sourced from Asia, proudly marks its 10th anniversary, celebrating a decade of exceptional growth, unwavering commitment to quality, and dependable delivery.
ViTrox Marks 25 Years of Innovation with Cutting-Edge Solutions at NEPCON China 2025 in Shanghai
04/18/2025 | ViTrox TechnologiesViTrox, which aims to be the World’s Most Trusted Technology Company, is proud to announce its participation in NEPCON China 2025, taking place from April 22–24, 2025, at Booth #1E45, Shanghai World Expo Exhibition & Convention Centre (SWEECC).
Stocks Tumble as Nvidia Warns of Major Hit From U.S.-China Export Curbs
04/17/2025 | I-Connect007 Editorial TeamU.S. stocks slid sharply Wednesday after Nvidia warned that new U.S. export restrictions on chips to China could slash billions from its revenue, deepening investor anxiety over the broader economic fallout of President Donald Trump’s ongoing trade war.
Worldwide Smartphone Market Grew 1.5% in Q1 2025, Amid On-going US-China Trade Tension
04/15/2025 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker , global smartphone shipments increased 1.5% year-over-year (YoY) to 304.9 million units in the first quarter of 2025 (1Q25).