May 2013 Trade Bulletin

Highlights of this month’s edition

• Bilateral trade: Trade drops, but exports fare better than imports; higher value-added goods exports to China mark strong gains
• Sector spotlight: ATP exports to China grow and diversify; Services exports a major untapped opportunity; waste and scrap declines as a share of U.S. exports to China
• China’s economy: Weak growth in first quarter amid flagging exports and low consumption; Fitch downgrades China’s debt; RMB appreciates to highest level since 1994; foreign exchange accumulation resumes fast pace
• Hearing spotlight: The Commission will hold a hearing on May 9, 2013 to assess patterns of Chinese investment in the United States, the benefits and drawbacks of Chinese investment, and the mechanisms that exists in the United States to monitor and screen such investments.