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China encouraged trade with African nations, investing in their infrastructure in return for oil.
That agreement was thrown into jeopardy once President Trump withdrew from it January 2017. In this way, a lot of China's so-called "exports" are technically American products. China imports raw commodities from Latin America and Africa, such as oil and other fuels, metal ores, plastics and organic chemicals.
China does a lot of manufacturing for foreign businesses, including U. China primarily exports electrical equipment and other types of machinery. It's the world's largest importer of aluminum and copper.
This includes computers and data processing equipment as well as optical and medical equipment. It's the world's largest exporter of steel. China's Share of World Commodity Consumption in 2014/2015 Unfortunately, suppliers over-produced, creating too much supply. As China's growth slows, prices for commodities used in manufacturing, such as metals, will drop.
That's when China looked toward economic reform. China shipped 18 percent of its exports to the United States in 2015. China's trade with Hong Kong was almost as much (14.6 percent).
China was the world's largest exporter from 2013 to 2015. Its trade with Japan (6 percent) and South Korea (4.5 percent) was much less.
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They return only 4.9 percent on assets compared to 13.2 percent for private companies.