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China and Us Complex Relationship

In: Business and Management

Submitted By hines01
Words 473
Pages 2
Introduction
The US and China have always been involved with one another; they have a very complicated history, the two function very differently in areas of politics, economics, and social issues. These disparities have hindered the way both countries conduct business with each other, particularly in the area of international trade. Like any international trading relationship government policies affect the way business is conducted. For example, piracy is very common in China; piracy is the unauthorized use or reproduction of copyrighted or patented material. In some cases a government can affect international trade flows by its lacks of restrictions on piracy. In the case with the relationship between the US and China some may argue that piracy is a major contributor to the uneven nature of financial flows and trade between the United States and China. The US has a large trade deficit with China, but there is little legislation between the US and China forcing China’s government to officially address the issue of piracy in their country.
The Trade Relationship between China and the United States
The trading relationship between China and the US dates as far back as 1784 when the empress of China decided to open trade between the US and China. At that time the US had very few possessions to offer; however several hundred years later after several wars, changes in leadership, economic needs, and industrial revolutions a more in-depth trading relationship evolved. While the two countries need each other the relationship that they have is very complex. China relies on exports to the US to drive growth while the US requires investment from China to finance giant deficits. The two constantly spar over a range of sensitive issues. Most recently the US accused China of manipulating its currency to unfairly promote exports, the US government decided to place tariffs as

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