Which Statement About U

Which statement about U.S. - China relations is INCORRECT?

A) The United States is China ' s largest trading partner.
B) China is the United States' second-largest trading partner.
C) The United States did not establish formal diplomatic relations with China until the late 1980s when it became clear that China was going to initiate reforms.
D) Only about 3 percent of consumer spending by Americans is spent on goods and services from China.
E) China owns over 1 trillion dollars of America's foreign debt.