China and U.S. Trade Convergence Signals Shift in Global Economy
International trade between China and the U.S. has been a major focus from 1990 to 2011. Both countries have seen a rise in their share of international trade, especially in manufactured goods. Despite having service-based economies, these nations still heavily trade in goods. The chapter delves into the history and issues surrounding trade between China and the U.S., showing how their trade statistics are becoming more similar over time.