China leads dumping list
The United States is China's No. 1 trade partner, followed by the Chinese region of Hong Kong. Two-way trade between the United States and China hit $80.5 billion in 2001, Chinese customs figures show.
China also consistently runs a large trade surplus to the United States.
China's exports to the United States rose 4.2 percent in 2001, to $54.3 billion. U.S. trade to China leaped 17 percent to $26.2 billion.
A WTO report released this week states that China is the country most often investigated for claims of illegal dumping, selling goods below cost overseas.
China was named in 25 cases over six months, the WTO found. The United States was second, with nine cases, tied with Brazil, Hong Kong and Thailand.
http://edition.cnn.com/2002/BUSINESS/asia/04/23/china.ustrade/What is often also not counted is the disparity in the nature of the trade. When the Chinese buy stuff from the U.S. it is often capital-goods, such as high-technology machine tools from closed-down U.S. factories (closed down due to their price competition!)...which they then snap up at bargain-basement prices! Or buy up U.S. capital assets under economic distress (again caused by China) such as the IBM PC division...for the paltry sum of $1.3 billion (which had sales last year of $18 billion....)