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Who is China's biggest trading partner?
VanEck CEO is optimistic on markets, China despite coronavirus
VanEck Associates CEO Jan van Eck discusses China, bitcoin, coronavirus, gold, e-sports and why his philosophy for 2020 is ‘don’t worry, be happy.’
The U.S. has been among China's top trading partners for years, and 2019 saw China lose its spot as the biggest exporter of goods to the U.S. amid President Trump's trade war.
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Mexico supplanted China as the No. 1 trading partner of the U.S. in August.
WHAT TYPE OF ECONOMY DOES CHINA HAVE?
The U.S. and China have only completed the first phase of their trade deal that brought their tariff battle to a standstill.
"Over the last 20 years, American investors alone have invested $100 billion worth in China, most of that in manufacturing," Heritage Foundation policy analyst Riley Walters, who focuses on Asian economies and tech, told FOX Business. "Over the years, U.S. investment has shifted types. U.S. investors are also looking now to higher-end goods because that's the demand for U.S. consumers, global consumers."