January 2015 Trade Bulletin

Highlights of this month’s edition:

• Bilateral trade: November trade deficit with China increases 10.7 percent year-on-year; 2014 deficit on track for another record; U.S. exports to China contract for third consecutive month.
• Bilateral policy issues: Vice-PM Wang Yang makes conciliatory remarks at JCCT; JCCT renders important outcomes on export controls, medical products, biotech, antitrust; China tables new GPA offer, again piecemeal; China complies early with WTO rare earths ruling.
• Policy trends in China’s economy: Internet company TenCent launches China’s first fully online private bank with Premier Li’s blessing.
• Sector spotlight: China approves MIR 162 GMO corn trait, paving way for more U.S. corn shipments; asynchronous biotech approvals and other agricultural market barriers remain.