December 2015 Trade Bulletin

Highlights of this Month’s Edition

• Bilateral trade: October U.S. goods trade deficit with China at $33 billion, the smallest deficit in seven months.
• Bilateral policy issues: RMB added to the SDR basket; a U.S.-China agreement on joint inspections of accounting firms falls through, placing U.S. regulators in violation of their mandate.
• Policy trends in China’s economy: Chinese e-commerce soars as Singles’ Day eclipses Black Friday and Cyber Monday in online sales.
• Sector spotlight – Traditional Chinese medicine: Internationalization and modernization key for increasing quality and regulatory acceptance and boosting exports to Western market