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https://kranesharesnet.wpengine.com/top-5-reasons-a-win-win-relationship-with-china-benefits-the-us-economy/

Top 5 Reasons A Win-Win Relationship With China Benefits The US Economy | KraneShares

2020-06-19 19:08:30, , source

Content Categorization
/Business & Industrial
/News

Word Count:
1421

Words/Sentence:
22

Reading Time:
9.47 min

Reading Quality:
Adept

Readability:
13th to 15th

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While the coronavirus pandemic and pending US election have diverted attention away from these accomplishments, we believe it is essential to focus on strengthening the win-win aspects of the relationship between the US and China for the following reasons:1.

In 2017, US multinationals made approximately $376 billion in China.5 Even amid the pandemic, fast food brand Popeyes opened its first store in China, and the company hopes to open 1,500 more soon.

Costco plans to open seven new stores in China, and Walmart hopes to open 500.6 Despite rhetoric from US leaders, US companies have found that the Chinese consumer nonetheless continues to appreciate American brands and takes "made in the USA" as a sign of quality.

The Federal Reserve Bank of New York estimates that every significant announcement of new trade restriction was followed by an average -2.9% drop in the stock price of affected companies within five days of the announcement.

36% of US businesses surveyed by the American Chamber of Commerce in China said that they would move forward with investment plans regardless of guidance from Washington.63.

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