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	China's Growth Spells Opportunity for US Exporters! Minimize Risks-Maximize Returns If you want to reduce costs and save time while tapping into export opportunities in China, then you should consider joining the VEDP’s mission to Shanghai and Hong Kong, China: April 19-26, 2008. Let us find your leads and handle the logistics! If you join this mission you will benefit from group briefings and enjoy a full week of pre-screened meetings with prospects that meet your unique needs and goals in China. Our goal is to help facilitate your sales and secure your distribution in China. The Phoenix Has Risen! According to the International Monetary Fund, China will contribute more to global economic growth in 2008 than the US- a first in modern history. In fact, China is on track to become the world’s third-largest economy in 2008. Growing Demand for US Goods Since joining the WTO in 2001 virtually all of China's existing and emerging industries were opened and tariffs have been eliminated or significantly reduced. As a result, US exports to China have increased 100% and China remains one of the fastest-growing markets for U.S. goods and services. The US China Business Council (USCBC) reports that between 2000- 2006, exports of US goods to the world grew 33%; while exports of US goods to China grew 240%. In this same period, Virginia exports of goods to the world grew 21%; while Virginia exports of goods to China grew 377%! Top US exports to China (source USCBC) electrical machinery and equipment power generation equipment medical instruments plastics aircraft iron and steel agricultural products Growing Demand for US Services According to the US Trade representative (USTR) China’s appetite for US services is also growing. In 2004, US service exports to world grew 11%; while US service exports to China grew 20%. In 2004 China was 10th largest market for US service exports and US-China services trade yielded a $1.6 billion US services surplus. Access to China’s insurance, express delivery and auto finance sectors has already begun and the legal services and banking services sectors are slated to open next. According to Oct 27 WSJ Article a boom in housing, infrastructure and factory construction, and a dramatic surge in exports will continue to drive China’s growth at 10% annually. As China modernizes and it’s buying power increases they will continue to seek more, higher-end US products and will increasingly require services in sectors where the US has a strong competitive advantage. If you would like more information on the China market click here to view our China Fast Fact or, E-mail Elizabeth Morgan-Brown to request a supplement to this article that explores key trends and opportunities within China.