The United States has maintained a long-term surplus in service trade. In 2016, it exported 51 movies to China, receiving revenue of 16 billion U.S. dollars. Chinese tourists and students in the United States spent more than 51 billion U.S. dollars.
With respect to investment, U.S.-funded enterprises in China have maintained good performance and gained high profits. Sales revenue in 2017 totaled 517 billion U.S. dollars, and profit reached 36.2 billion U.S. dollars.
Investment from Chinese enterprises in the United States is growing rapidly. Chinese investment projects have taken place in 46 states and 425 congressional districts, creating over 140,000 local jobs.
According to the U.S.-China Business Council, in 2017, U.S. exports to China and China-U.S. two-way investment contributed 216 billion U.S. dollars to the U.S. GDP, and supported 2.6 million local jobs.
China has made relentless efforts in recent years to balance China-U.S. economic and trade relations, the report said.
China has frequently dispatched trade and investment delegations to participate in trade and investment promotion activities in the United States. In February 2017 and September 2017, two large Chinese delegations visited the United States and signed trade, investment and cooperation agreements across all sectors, totaling about 44 billion U.S. dollars.
China has been addressing the specific concerns of the U.S. enterprises through the China-U.S. Joint Commission on Commerce and Trade. Since 2004, the two sides have strengthened policy communications through dialogue and consultation and great progress has been made in several areas, including antitrust law enforcement procedures, exports of agricultural products to China, software legalization, and access to China Compulsory Certification (3C) services of foreign-funded enterprises.
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