China: U.S. benefits hugely from the bilateral trade

China said the U.S. has benefited hugely from bilateral trade. A white paper from Beijing's Commerce Ministry points out two ways the U.S. is cashing in. First, through selling to China, including exporting 241 billion U.S. dollars worth of goods and services to the country in 2017. Then, there are the U.S. companies profiting in China itself. These firms raked in 700 billion U.S. dollars in sales in 2017 alone. Second, the U.S. benefits from the Chinese capital. By the end of 2017, Chinese investment to the U.S. amounted to 156 billion U.S. dollars, and China held 1.18 trillion dollars of U.S. debts.

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