Current Statistics System Fails to Reflect New Changes in International Trade Activities

Today developed countries mainly participate in international trade via their foreign affiliates and intermediate goods are more frequently traded as a result of increasingly deepening international divisions of labour.Against this background,the current trade statistical system that is characterized by the statistical principle of cross-border trade and production,and the custom’s registration data collection method,greatly exaggerate the trade imbalance between China and America. Consequently,it is necessary for the Chinese nation to overcome the shortcomings of the current statistical system so as to evaluate more fairly the trade imbalance between China and America by referring to the Ownership-Based Framework of the complimentary statistical system under the US Current Account.This article, on the basis of the statistical principle of oumership,attempts to regulate the distorted trade imbalance resulting from the current trade statistical system,and aims for an increased understanding of the trade imbalance between China and America from a theoretical background,as well as from the points of view of practitioners and decision makers.