Title: Undergraduate Research Journal for the Human Sciences
Headings: The Economic Connections between China and the U.S.:
How to Benefit Both Players through International Trading

The Economic Connections between China and the U.S.:
How to Benefit Both Players through International Trading
Abstract
Introduction
The Trade between China and United States
The Importance of Achieving a “Win-Win” Situation
How to Benefit Both Players through International Trading
Conclusion
References

Content: This means China can export more led light bulbs at a price that is more than the production cost while importing chemicals that are costly to make. Normally, a product may be cheap to produce in one country and the country trades those goods for products that are costly to produce or unavailable. Right now China has a comparative advantage when it comes to savings. The U.S. is suffering from too much consumption without enough real income. The ever-strengthening connection between the U.S. and Chinese economies is a good thing for both countries—as long as trade is not interrupted. The U.S. needs China for loans and China can invest in the U.S. With China producing cheap products, it gives the consumers more money to spend. China joined the World Trade Organization (WTO) in 2001 and has since taken major steps to promote trade liberalization. It participates in free trade agreements (FTAs) with ASEAN, New Zealand, and Costa Rica. In addition China is negotiating with Australia for a comprehensive Sino-Australian FTA. However, real free trade has not yet been fully accepted by China or the U.S. This would mean no government interference and open trade between the two countries.