For many countries around the world, China is rapidly becoming their most important bilateral trade partner. However，there have been concerns over large trade imbalances between China and the rest of the world. The US in particular has the largest trade deficit in the world with China at $315 billion, more than three times what it was a decade ago. There have also been a growing number of trade disputes brought against, mainly for dumping, intellectual property and the valuation of the yuan. 

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