peripherals

Probably because China is a country where its citizens are united, its economy has boost into becoming the world's third largest in the world. Shortly trailing after Japan, the Gross Domestic Product of China is measured at $4.91 trillion. As such, China is considered as the world's fastest growing economy for the past thirty years. Aside from this, China is also the largest trading nation in the world. While it is also the world's largest exporter, it just ranks second largest importer of goods.

One of the leading export products of China are minerals. These minerals include tin, magnesium, antimony, molybdenum, mercury, barite, manganese, and salt. The worldwide demand for China's minerals is so great that it becomes one of the world's top producers of antimony. Moreover, it ranks second to the United States in the production and export of salt. In addition, the world's largest exporter of aluminum is also China. Indeed, China has established itself firmly in the global trade.

The biggest beneficiary of China's exports is the United States. In fact in 2006 alone, China was able to export $287.8 billion worth of products and merchandise to the United States. As such, the United States is considered as the number one trader for China's exports. From among China's exports to the United States, computer parts, peripherals, and accessories have the highest value. Other exports include computers, toys and sporting goods, household goods, video equipment, and household furniture among others.

On the other hand, the United States imports a number of products to China as well. The main exports of the United States to China basically composed of industrial products, and some commodities. The largest imported product s to China is semi conductors. Other imported products include soybeans, computer accessories, copper, aluminum, industrial machines, plastic products, raw cotton, civilian aircraft, and steelmaking material. Moreover, China also imports from the United States precious metals, railway transportation equipment, tobacco, corn, oil seeds and food oils.

China has not only invaded the US market, but the rest of the world as well. It is already very common to see a China counterpart of almost any product in the market today. In fact, most people even prefer China products because these products are significantly cheaper and are also of good quality. Contrary to the misconception that China products are cheaper because these are of less quality; these products would certainly be of lower costs because labor costs in China is way cheaper than in any other part of the world. Undeniably, China exports have conquered all parts of the world.