China Says U.S. Firms Benefit Most from U.S.-China Trade
China's Ministry of Commerce states that it is unfair for China to take the blame for causing trade imbalances, when U.S. companies with operations in China are actually the biggest winners in U.S.-China trade. MOFCOM illustrates its point with the…
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example of an Apple iPod in which U.S. corporate headquarters would get $163 dollars and Chinese laborers $4 dollars for the final product, but $150 would be added to China's trade surplus with the U.S. According to China, most of its trade surplus comes from cases like these.