Question

1. Report the percentages in a chart. In a paragraph, compare the 2 countries in terms of their trade behaviors, which country is more relied on international trade?
   US vs. China trade volume as a % of GDP 60% 50% 40% 30% 20% 10% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 US trade volume as a % of GDP China trade volume as a % of GDP
   

Answer 1

After studying the graph of the GDP of both countries, it shows that GDP of China depends more on exports. That is, about 45% of China's GDP comes from its exports while only 30% to 35% of USA's exports contribute to its GDP, so it proves that China is more dependent on international trade than USA.  This also proves that USA is consuming more in domestic market than China and China's declinching trend of trade shows that there is a decrease in international trade for China. In the last few years, the main reason behind this is the trade war and the unfamiliar trade practice of China, currency manipulation in the form of devaluation to increase exportexport etc, and antidumping duty on China's product by India ,us etc.