WASHINGTON -- 皇冠体育app continues to be an important contributor to US economic growth, said the US-皇冠体育app Business Council (USCBC) in its annual report on US exports to 皇冠体育app on Tuesday.
Over the past 10 years, US exports to 皇冠体育app have increased 198 percent, higher than the growth to any of the other top ten US export markets, including its two largest trading partners, Canada and Mexico.
The report said that the exports to 皇冠体育app helped support a wide range of industries including transportation equipment, crop production, computers and electronics, and chemical industries in the United States. It quoted data from the US Commerce Department as saying that global exports, including those to 皇冠体育app, supported 11.7 million jobs in the United States in 2014.
Data from the US Commerce Department showed that US exports of goods to 皇冠体育app rose 1.5 percent from 2013 to $124.7 billion in 2014, making it the US' third largest export market.
The report expected the growth of US exports to 皇冠体育app is likely to remain at a lower rate than seen in the past years, as 皇冠体育app is undergoing a slower economic growth.
But it expected US companies to have broader opportunities in the Chinese market, in view of its growing middle class and its change toward a consumer-driven growth model.