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S. export and import do not have significant results. For example, U.S. And China are vast agricultural countries; therefore, both countries can autarky. According to Truman National Security Project (2013), there has been an increase in the recent year of the two countries to stay in trade partnerships. What this means is that there is no country between the two that can effectively boast of the ability to eliminate the other in terms of trade. This notion sprouts from the fact that none of the two depends on the other 100% to economically progress. The fact that both countries have highly sufficient economies and produce a lot of basic needs within their borders is a clear indicator that the dependence on each other is not overly skewed towards one direction. Looking at the list of import/export between the two countries it will be noted that the type of goods that the two countries trade between them are not basic goods that must be used at the family level on a daily basis for consumption, but the secondary goods that can be kept on hold if here is not sufficient funds. This means the two countries have largely autonomous...
What this implies is that if the value of the Yuan strengthens against the Dollar there is little likelihood of change in the consumption patterns or export trend between these two countries. The two countries do not depend on each other particularly in the food consumer goods but are more inclined towards the non-food consumer goods. From Table 4 and 6 we can find that fuels and lubricants industry also does not significant results for both export and import.
References
Don Hofstrand, (2007). Elasticity of Demand. Retrieved March 17, 2013 from http://www.extension.iastate.edu/agdm/wholefarm/pdf/c5-207.pdf
The U.S.-China Business Council, (2013). U.S.-China Trade Statistics and China's World Trade Statistics. Retrieved March 17, 2013 from https://www.uschina.org/statistics/tradetable.html
Truman National Security Project, (2013). A Rising China. Retrieved March 17, 2013 from http://trumanproject.org/wp-content/uploads/2012/05/Truman.Briefing.Book-ARisingChina.pdf
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