The Asian market has been a big draw for China for decades.
Chinese tourists have spent $20 billion on goods there in the past decade, a figure that includes everything from toys to cars to fashion.
But a new study by the University of Washington’s China Program suggests the Asian economy is now worth $8 trillion.
Chinese exports account for more than half of that.
The U.S. is the world’s second-largest importer of Chinese goods after the U.K. and Canada, but the Asian trade deficit has grown to $2.9 trillion from $1.6 trillion a decade ago.
The Asian deficit is expected to grow further this year and beyond as Chinese companies increasingly invest in the U:S.
and other global markets.
The Chinese economic slowdown in recent years has pushed down demand in many of these markets, according to the study by economist John Kagan and senior fellow David G. Stolberg.
China’s economy shrank by 3.3 percent in the fourth quarter of last year, the largest decline in the world, and the latest official data shows that economic growth slowed to 7.4 percent last quarter.
Chinese demand for goods that come from other countries is growing, but not at the rate of other Asian countries, according the study.
Kagan, a research fellow at the Peterson Institute for International Economics in Washington, says the rise in Chinese imports is creating a surplus in the Asian markets, which he attributes to a growing number of Chinese companies buying U.s. goods.
The surplus is being passed on to the consumer in the form of lower prices, the researchers said in a report on Tuesday.
China has a surplus of more than $6 trillion in goods, which the authors call the “China surplus.”
“This surplus is in addition to what is happening in other parts of the world,” Kagan said.
“They are importing more than the world does.”
The Chinese government says it is investing $3 trillion to $4 trillion a year in the country’s economy, according a statement from the Ministry of Commerce.
But the study suggests the Chinese surplus is growing at a much faster rate than that, with China spending more than any other country on its exports.
The China surplus in 2017 totaled about $3.5 trillion.
The researchers say China has been spending a lot on its own industries, and that they are taking a big hit from the slowdown.
Chinese manufacturers are facing increasing pressure from the government to reduce their output in order to offset the impact of the economic slowdown.
China, however, is reluctant to invest in those industries, the authors said.
The trade surplus has been increasing in recent months, even as China’s manufacturing output has stagnated.
Kogan and Stolovs study shows that the Chinese economic deficit was estimated to have grown to about $4.4 trillion last year.
Chinese spending on imports in the second quarter of this year surpassed the $3 billion it was spending on exports in the same period a year ago.
Some of that spending went to companies that specialize in the production of apparel and other consumer goods.
Kaggs said the U-sales deficit was about $7 billion, which is about twice the $2 billion the Chinese government has reported on its purchases of U. of A. goods from foreign companies.
The report says the U of A’s purchases of Chinese-produced goods have surged over the past year and that the share of U-salable goods imported by the university is now about 10 percent of total U. S. imports.
That compares to about 5 percent a decade earlier.
U. students are also being more aggressive in the use of Chinese products, Kagan told The Washington Post in an interview.
In the past two years, the average number of U of O students buying Chinese products has risen from about 1,000 to nearly 2,000 a year.
“The students are being more brazen about buying Chinese-Made products,” he said.
U of T said in its statement that students have bought over 3,000 Chinese products in the last year alone, and there has been an increase in the number of students buying U of S products.
The university said it is working to eliminate the surplus and cut down on the use by the government of U’s goods.
China also has a trade surplus with Canada, the study found.
The study says Canada is buying more than twice as much U. products as China.
But Canada is the only country with a surplus with China.
Kiguel Hernández, an economist at the Canadian Global Affairs Institute, said it would be a mistake to blame U. Of A. for the surplus.
“U of A is not the biggest beneficiary of China’s growth, nor is it the largest beneficiary of Chinese imports,” he told The Post.
“China’s imports of U are more important to the U than U’s imports to China.”
Kagan has been advocating for changes to U. and U. s trade policies for years, and he has