The United States have played a role of vanguard and promoter in both of introducing the concept of “trade in services” and developing FATS statistics. Behind what have the US done for the international system of tr...The United States have played a role of vanguard and promoter in both of introducing the concept of “trade in services” and developing FATS statistics. Behind what have the US done for the international system of trade in services,there are its earlier develop advantage and the huge economic and trade benefit in its trade in services with the rest of the world.展开更多
In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the ba...In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the basis of survey of literature studies,this paper has created a three-country model of bilateral trade based on ownership principle and demonstrated that ownership-based statistical system under this model can reflect bilateral trade volume and balance more objectively,truthfully and comprehensively.In addition to theoretical demonstration,this paper has revaluated China-US trade balance using ownership-based statistical methodology and the result indicates that the existing statistical system of trade severely overestimates the real level of China-US trade balance and FDI in China is a major reason behind increasing China-US trade surplus.展开更多
文摘The United States have played a role of vanguard and promoter in both of introducing the concept of “trade in services” and developing FATS statistics. Behind what have the US done for the international system of trade in services,there are its earlier develop advantage and the huge economic and trade benefit in its trade in services with the rest of the world.
文摘In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the basis of survey of literature studies,this paper has created a three-country model of bilateral trade based on ownership principle and demonstrated that ownership-based statistical system under this model can reflect bilateral trade volume and balance more objectively,truthfully and comprehensively.In addition to theoretical demonstration,this paper has revaluated China-US trade balance using ownership-based statistical methodology and the result indicates that the existing statistical system of trade severely overestimates the real level of China-US trade balance and FDI in China is a major reason behind increasing China-US trade surplus.
