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Recalculating Sino-US Trade Balance Using the Ownership-Based Statistical Method

Recalculating Sino-US Trade Balance Using the Ownership-Based Statistical Method
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摘要 Using the trade statistical method based on asset ownership,this paper recalculated Sino-US bilateral trade volume and the result indicates that against traditional trade statistics,Chinese exports to the US reduced by an average of 51%while Chinese imports from the US increased by an average of 41%between 2004 and 2010.Balance of trade is in the range between US$2,189 billion of deficit and US$12.77 billion of surplus on the part of China,which are far smaller than the balance of Sino-US trade calculated by traditional statistical method.In order to reflect the real scale of China's foreign trade and effectively respond to Sino-US trade frictions,it is necessary for China to establish its trade statistics system based on asset ownership. Using the trade statistical method based on asset ownership, this paper recalculated Sino-US bilateral trade volume and the result indicates that against traditional trade statistics, Chinese exports to the US reduced by an average of 51% while Chinese imports from the US increased by an average of 41% between 2004 and 2010. Balance of trade is in the range between US$2.189 billion of deficit and US$12. 77 billion of surplus on the part of China, which are far smaller than the balance of Sino-US trade calculated by traditional statistical method. In order to reflect the real scale of China's foreign trade and effectively respond to Sino-US trade frictions, it is necessary for China to establish its trade statistics system based on asset ownership.
出处 《China Economist》 2014年第5期58-65,共8页 中国经济学人(英文版)
基金 General Program of National Social Sciences Fund "Development and Application Research for theModel of Estimating the Structure of Sino-US Trade Interests(Approval No.13BJL055)"
关键词 中美贸易 统计方法 所有权 计算 平衡 贸易统计 贸易摩擦 统计体系 asset ownership, cross-border trade, Sino-US trade
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