David Barbosa reports in the NY Times (here)
America’s huge trade deficit with China has raised concerns about American competitiveness and jobs moving overseas. But a new study offers a glimmer of hope to Americans: Last year, American exports to China soared 32 percent to a record $91.9 billion.
A study by a trade group called the U.S.- China Business Council says China is now the world’s fastest-growing destination for American exports.
While United States exports to the rest of the world have grown 55 percent over the past decade, American exports to China have jumped 468 percent.
Most of those exports have come from California, Washington and Texas, which have shipped huge quantities of microchips, computer components and aircraft. But states that produce grain, chemicals and transportation equipment have also benefited.
The U.S. China Business Council’s report “U.S. Exports to China by States: 2000 – 2010” is here. The accompanying photos show the data on Oregon’s page.
Meanwhile, Oregon's governor and legislature are ignnoring a cost-neutral proposal to shift $30,000 in educational funding in order to send five Oregon high school students to China in 2012-13.
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