The US Commerce Department yesterday unveiled new tools in Beijing to help US companies expand exports to China's growing market, one of their fastest-growing export markets.
The tools include the China Business Information Centre, American Trade Centres and the Global Supply Chain Initiative.
According to US statistics, US exports to China were up 36 per cent in the first half of the year, making China one of the fastest-growing US export destinations and the sixth-largest US export market overall.
The US Under Secretary of Commerce for International Trade, Grant Aldonas, said one of the biggest hurdles US small- and medium-sized companies (SMEs) face in trying to export to China is a lack of information. Some 86 per cent of all US firms exporting to China are SMEs.
