$500 billion worth of goods to the U.S. each year, while importing only $150 billion in return — creating a $350 billion trade surplus in China’s favor. But the reality behind this figure is more complex.
A significant portion of these exports aren’t produced by Chinese-owned companies. Instead, many American and European corporations have manufacturing operations in China. While the goods are made in China, the ownership and profits often belong to foreign firms.
Take Apple, for example — its iPhones are assembled in China, but it's a U.S. company, and the final products are sold globally. The same goes for many vehicles and electronics: manufactured in China, but designed, owned, and sold by Western companies.
So, while trade numbers show a surplus, the real economic benefit is far more nuanced.
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