Now shopping mall giant (Dalian) Wanda, owned by Chinaâs richest man Wang Jianlin, and Vanke, the worldâs biggest residential real estate developer, founded by the mountaineering-loving Wang Shi, have âstunned the capital markets,â in the words of Chinese news site The Paper, by announcing a âstrategic partnership.â.
The second macroeconomic consideration of increased imports is the impact on exchange rates. As we have shown in the previous section, as U.S. consumers increase their consumption of imports, the supply of dollars in foreign exchange markets rises.
What Does It Import? More than 80 percent of U.S. imports are goods ($2.2 trillion). Slightly less than a third of these are industrial machinery and equipment ($444 billion). The largest sub-category is oil and petroleum products, at $144 billion. Capital goods make up one-fourth of all goods imported ($590 billion).