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Despite Low Global Trade Growth Outlook U.S. Business Optimistic about Trade
December 14, 2015 | HSBCEstimated reading time: 3 minutes
- The stabilization of China’s economy
- Stronger investment spending supporting solid growth of import-demand in the developed markets
- Cyclical recovery in key sectors’ Trade liberalization gaining traction
- Growth beyond merchandise goods into trade of services
US Exports to China Expected to Grow by 9% a Year to 2030
Over the longer term, the trade forecast shows global economic growth to be strongest amongst the economies of East and South Asia. Two-way trade flows between the U.S. and Asia are expected to grow in importance relative to slower growing but more established trade ties with industrialized economies. US exports to China are expected to grow by nine percent a year on average in the decade to 2030, so that by the end of this period China will have surpassed Mexico as the second largest market for US exporters.
“Increased trade with Asia, particularly China, represents a major business opportunity for US businesses,” said HSBC’s Huh. “And with the recent IMF decision to include China’s currency in its SDR basket, US companies may want to consider how to make renminbi part of their business strategy."
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Sweeney Ng - CEE PCBSuggested Items
Dan's Biz Bookshelf: 'Apple in China: The Capture of the World’s Greatest Company'
09/04/2025 | Dan Beaulieu -- Column: Dan's Biz BookshelfMost of what we hear about Apple’s relationship with China is half-baked punditry or political noise. However, Patrick McGee’s "Apple in China: The Capture of the World’s Greatest Company" is a tour de force that peels back the PR polish and shows us what’s really going on behind that gleaming bitten fruit.
More Than a Competition: Instilling a Champion's Skill in IPC Masters China 2025
09/01/2025 | Evelyn Cui, Global Electronics Association—East AsiaNearly 500 elite professionals from the electronics industry, representing 18 provinces and municipalities across China, competed in the 2025 IPC Masters Competition China, March 26–28, in Pudong, Shanghai. A total of 114 contestants advanced to the practical competition after passing the IPC Standards Knowledge Competition. Sixty people competed in the Hand Soldering and Rework Competition (HSRC), 30 in the Cable and Wire Harness Assembly Competition (CWAC), and 24 in the Ball Grid Array/Bottom Termination Components (BGA/BTC) Rework Competition.
TTM Technologies: Bridging East and West with Strategic Expansion
08/25/2025 | Marcy LaRont, I-Connect007As global supply chains shift and demand for supply chain resiliency grows, TTM Technologies is expanding with purpose: bolstering its U.S. presence while maintaining a strong footprint in Asia. With recent moves in Wisconsin and Malaysia, the company is positioning itself to better support customers amid an evolving geopolitical landscape. In this interview, President and CEO of TTM Technologies Tom Edman discusses TTM’s expansion strategy, the future of manufacturing, and his planned retirement after his long tenure at the helm of the company.
China’s Rare Earth Exports to US Surge 660% After Trade Agreement
07/23/2025 | I-Connect007 Editorial TeamRare earth element exports from China to the U.S. rose by 660% monthly, according to information released by Beijing’s General Administration of Customs, MSN reported.
Powering Progress: Summer 2025 Community Magazine Now Available
07/22/2025 | Community MagazineIn the new Summer 2025 edition of Community Magazine, members of the Global Electronics Association demonstrate what progress really looks like—through innovation on the factory floor, influence on public policy, and investment in the next generation of engineers.