1. Rigan Chakma
Senior Lecturer
General Education Program
University of Liberal Arts Bangladesh
Global Political Economy (GED 223)
Section 01
Fall 2020
5. The Timeline Reflecting US China Trade Relation
1784
The
Empress of
China
The first Us
merchant
vessel that
traded from
us to china.
1976
China’s
economic
Reform
Reformation
of China’s
economy
from
communist to
free trade.
1980
Beginning of
a Strong
Trade Power
Us-China
trade
was
Around US
$5 Billion.
2000
Normalized
Trade
Relations
President Bill
Clinton signs
“Us-China
Trade
Relation Act
of 2000”.
2001
Member
of
WTO
China
became a
member
of
World Trade
Organization.
2004
Striking
growth of
Trades
Trade rise
dramatically
between 2
economic
giants to US
$231 Billion.
2008
Largest US
Foreign
Creditors
China
becomes the
largest holder
of U.S.
treasuries of
$600 billion.
2010
2nd
Largest
Economy
China
becomes the
2nd
largest
Economy.
8. E
C
O
N
O
M
I
C
Largest Economic GDP
($20.49 Trillion 2020)
2nd Largest Economic GDP
($13.4 trillion 2020)
Manufacturing Hub
World’s largest exporter
and 2nd largest importer.
Lifted more people out of
poverty than any other economy.
9. All
These
Resulted
In
USA Trade Deficit with China
$120 Billon Export
$540 Billion Import
Trade Deficit= $540 Billion - $120 Billion
= $420 Billion
USA Import USA Export
$77 Billion
$70 Billion
$54 Billion
$16 Billion
$12 Billion
$10 Billion
10. Social Reason
More Job Loss in USA
Shifted USA company to China
Discouraged Foreign Investors to invest in both Countries
Creates an Uncertain future for Tech Industries
Trade Wars may soon will turn into Nuclear Wars
13. 5G is the 5th generation cellular
network technology that
provides broadband access.
ADVANTAGES
• Increased Bandwidth
• More Speed
• Low Cost
• More Opportunities for
New Technologies
14. Why is it Important for both these countries to win the 5G Race?
Why?
Gets Economic
Advantage.
Future Economy
is Information
Based Economy
Countries with access
to more information
will dominate the
Market.
Both Countries are
heavily dependent on
Tech Industry.
15. Founded in 1987.
CEO is Ren Zhengfei.
Headquarters are at Shenzhen, China.
‘Huawei’ means Chinese Achievements.
Privately owned Chinese Multinational Company.
Largest Telecommunication- Equipment Manufacturer.
CEO Ren Zhenfei
17. Why
Trump
Was
After
Huawei
?
Allegation of Trade secret Conspiracy (T-Mobile
Robotic Arm).
Arrest of Company’s CFO (also the daughter of CEO)
in allegation of Conspiracy to Defraud multiple
International Institutions.
Accusing Huawei working as a Spy for Chinese
Govt behind the Curtain.
Considering them as a Threat for USA.
18. Product & Services Market Domination
Mobile
Smartphones
Fixed Broadband Networks
Consultancy
Multimedia technologies
Tablet Computers
Laptops
# 1st Position
21. What Can Bangladesh Gain Out of It?
Increase the Worldwide RMG
Market share
Try to Raise the Importance of
Shonadia Deep Sea Port
Enter Into
China’s huge
Seafood Market
Attract
Foreign Investors
To Invest in
Bangladesh.