At present China-U.S.trade relations are in a state of confusion.Although both countries have gained tremendous benefits from the bilateral trade relationship,some Americans have intentionally distorted some basic fac...At present China-U.S.trade relations are in a state of confusion.Although both countries have gained tremendous benefits from the bilateral trade relationship,some Americans have intentionally distorted some basic facts regarding China-U.S.trade relations. Based on an analysis of some official and nonofficial research reports published in the United States,this article holds that the China-U.S.trade imbalance is the symptom of a bigger issue stemming from the contradiction between the United States as the world's sole superpower and China as an emerging power.Economic globalisation came about due to the needs of western developed countries represented by the United States to boost economic development.Only by seizing the opportunities of economic globalisation, has China gained strong economic growth. Such a development is changing the world political,economic,military and cultural landscape that have been shaped since the post-cold-war era,and has to some extent raised doubt or suspicion on the part of the United States and its western allies.This is a manifestation of how unprepared some people in the United States and other western countries are in the face of China's rapid development and rising status.So,their immediate reaction has been to seek protection for themselves,and try their utmost to prevent China's rapid growth from impacting on the international framework and their vested interests.展开更多
This paper calculates the China-U.S. trade balance from the national income perspective based on an input-output model that differentiates domestic and foreign-invested companies. The result shows that due to differen...This paper calculates the China-U.S. trade balance from the national income perspective based on an input-output model that differentiates domestic and foreign-invested companies. The result shows that due to different degrees of dependence of both countries on foreign production factors such as foreign capital for the manufacturing of export goods,only 87.7% of the domestic value-added created by China's exports to the U.S. in 2012 was China's national income, whereas 96.2% of value-added in U.S. exports to China was U.S.national income. In the comparison of total export volume and export value-added, the home country's national income created by exports can more realistically reflect a country's gains from trade. In 2012, China's trade surplus with the U.S. stood at 102.8 billion US dollars in national income terms, which is 61% and 22% smaller than the results in gross and value-added terms, respectively. The implication is that the traditional trade balance accounting method seriously exaggerates the China-U.S. trade imbalance.展开更多
The China—U.S.Agricultural CooperationAgreement is a prelude to China’s accessionto the World Trade Organization(WTO).The basic framework is built,though someDarts are still to be discussed.From a macro prospective,...The China—U.S.Agricultural CooperationAgreement is a prelude to China’s accessionto the World Trade Organization(WTO).The basic framework is built,though someDarts are still to be discussed.From a macro prospective,the exportVolume of U.S.agricultural products to Chinawill increase,and vise versa.But the sharein the total trade Volume is dropping.Firstly,no matter how flexible展开更多
China and the United States concluded the 22nd session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) on November 21 in Chengdu, China. Chinese Vice Premier Wang Qishan cochaired the two-day meeting w...China and the United States concluded the 22nd session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) on November 21 in Chengdu, China. Chinese Vice Premier Wang Qishan cochaired the two-day meeting with U.S. Secretary of Commerce John Bryson and U.展开更多
Dr.Elliot Feldman on April 15,2010 presented the following speech at AmCham-China's Conference of the Asia-Pacific Council of American Chambers of Commerce(APCAC).With his kind approval,China Textile publishes his...Dr.Elliot Feldman on April 15,2010 presented the following speech at AmCham-China's Conference of the Asia-Pacific Council of American Chambers of Commerce(APCAC).With his kind approval,China Textile publishes his study and views focused on the title as captioned above.The article expresses the author's own stance.展开更多
China-U.S.trade has expanded rapidly over the past three decades,during which China’s trade deficit has turned into atrade surplus.China’s exports to the United States account for 20 percent of China’s total export...China-U.S.trade has expanded rapidly over the past three decades,during which China’s trade deficit has turned into atrade surplus.China’s exports to the United States account for 20 percent of China’s total export trade,but the United States’exports to China make up less than 10 percent of its export trade.The trade dependence ratio of the two countries has adifference of up to 27 percentage points.While China’s economy and foreign trade become increasingly market-oriented,the U.S.implements long-term export restriction policies against it.Raising the degree of marketization of trade betweenChina and the U.S.is the key to redressing the China-U.S.trade imbalance.展开更多
The U.S. Government has unilaterally provoked and escalated trade friction with China since last year, casting a shadow on the China-U.S. trade relationship and the development of the world economy. Qiushi Journal,aff...The U.S. Government has unilaterally provoked and escalated trade friction with China since last year, casting a shadow on the China-U.S. trade relationship and the development of the world economy. Qiushi Journal,affi liated with the Communist Party of China Central Committee, published an article in its 12th issue of 2019, clarifying questions regarding China-U.S.trade friction. An excerpt of the article follows:展开更多
A World Trade Organization(WTO)panel report published on October 19 has ruled that the United States violated WTO rules in 13 anti-dumping measures imposed on imports from China.China’s Ministry of Commerce welcomed ...A World Trade Organization(WTO)panel report published on October 19 has ruled that the United States violated WTO rules in 13 anti-dumping measures imposed on imports from China.China’s Ministry of Commerce welcomed the ruling and urged the United States to respect the decision and rectify its trade remedies in order to ensure a fair international trade environment.The complaint,filed by China in December 2013,展开更多
China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the depreciation. It claims that while future...China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the depreciation. It claims that while future effectiveness of currency devaluation or values of the trade balance and current exchange rate are positively correlated, the past values of the trade balance and current exchange rate are negatively correlated. While China＇s aggregate trade flows with the rest of the world conforms to the S-Curve hypothesis, disaggregating trade flows by trading partner reveals that not all partners are affected equally by devaluation. Indeed, trade with 8 out of the 24 partners does not support the S-Curve hypothesis.展开更多
As negotiations continue to resolve the China-U.S.trade friction,which is the cynosure of international attention,there are rumors that China is trying to undermine the talks.In order to clarify the facts and present ...As negotiations continue to resolve the China-U.S.trade friction,which is the cynosure of international attention,there are rumors that China is trying to undermine the talks.In order to clarify the facts and present China's position on these consultations,the State Council Information Office issued a white pa-per,China's Position on the China-U.S.Economic and Trade Consultations,on June 2.展开更多
文摘At present China-U.S.trade relations are in a state of confusion.Although both countries have gained tremendous benefits from the bilateral trade relationship,some Americans have intentionally distorted some basic facts regarding China-U.S.trade relations. Based on an analysis of some official and nonofficial research reports published in the United States,this article holds that the China-U.S.trade imbalance is the symptom of a bigger issue stemming from the contradiction between the United States as the world's sole superpower and China as an emerging power.Economic globalisation came about due to the needs of western developed countries represented by the United States to boost economic development.Only by seizing the opportunities of economic globalisation, has China gained strong economic growth. Such a development is changing the world political,economic,military and cultural landscape that have been shaped since the post-cold-war era,and has to some extent raised doubt or suspicion on the part of the United States and its western allies.This is a manifestation of how unprepared some people in the United States and other western countries are in the face of China's rapid development and rising status.So,their immediate reaction has been to seek protection for themselves,and try their utmost to prevent China's rapid growth from impacting on the international framework and their vested interests.
基金supported by the National Natural Science Foundation of China (NSFC) projects (71473244, 61873261 and 71704195)the Fundamental Research Funds for the Central Universities,the University of International Business and Economics (CXTD7-06)
文摘This paper calculates the China-U.S. trade balance from the national income perspective based on an input-output model that differentiates domestic and foreign-invested companies. The result shows that due to different degrees of dependence of both countries on foreign production factors such as foreign capital for the manufacturing of export goods,only 87.7% of the domestic value-added created by China's exports to the U.S. in 2012 was China's national income, whereas 96.2% of value-added in U.S. exports to China was U.S.national income. In the comparison of total export volume and export value-added, the home country's national income created by exports can more realistically reflect a country's gains from trade. In 2012, China's trade surplus with the U.S. stood at 102.8 billion US dollars in national income terms, which is 61% and 22% smaller than the results in gross and value-added terms, respectively. The implication is that the traditional trade balance accounting method seriously exaggerates the China-U.S. trade imbalance.
文摘The China—U.S.Agricultural CooperationAgreement is a prelude to China’s accessionto the World Trade Organization(WTO).The basic framework is built,though someDarts are still to be discussed.From a macro prospective,the exportVolume of U.S.agricultural products to Chinawill increase,and vise versa.But the sharein the total trade Volume is dropping.Firstly,no matter how flexible
文摘China and the United States concluded the 22nd session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) on November 21 in Chengdu, China. Chinese Vice Premier Wang Qishan cochaired the two-day meeting with U.S. Secretary of Commerce John Bryson and U.
文摘Dr.Elliot Feldman on April 15,2010 presented the following speech at AmCham-China's Conference of the Asia-Pacific Council of American Chambers of Commerce(APCAC).With his kind approval,China Textile publishes his study and views focused on the title as captioned above.The article expresses the author's own stance.
文摘China-U.S.trade has expanded rapidly over the past three decades,during which China’s trade deficit has turned into atrade surplus.China’s exports to the United States account for 20 percent of China’s total export trade,but the United States’exports to China make up less than 10 percent of its export trade.The trade dependence ratio of the two countries has adifference of up to 27 percentage points.While China’s economy and foreign trade become increasingly market-oriented,the U.S.implements long-term export restriction policies against it.Raising the degree of marketization of trade betweenChina and the U.S.is the key to redressing the China-U.S.trade imbalance.
文摘The U.S. Government has unilaterally provoked and escalated trade friction with China since last year, casting a shadow on the China-U.S. trade relationship and the development of the world economy. Qiushi Journal,affi liated with the Communist Party of China Central Committee, published an article in its 12th issue of 2019, clarifying questions regarding China-U.S.trade friction. An excerpt of the article follows:
文摘A World Trade Organization(WTO)panel report published on October 19 has ruled that the United States violated WTO rules in 13 anti-dumping measures imposed on imports from China.China’s Ministry of Commerce welcomed the ruling and urged the United States to respect the decision and rectify its trade remedies in order to ensure a fair international trade environment.The complaint,filed by China in December 2013,
文摘China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the depreciation. It claims that while future effectiveness of currency devaluation or values of the trade balance and current exchange rate are positively correlated, the past values of the trade balance and current exchange rate are negatively correlated. While China＇s aggregate trade flows with the rest of the world conforms to the S-Curve hypothesis, disaggregating trade flows by trading partner reveals that not all partners are affected equally by devaluation. Indeed, trade with 8 out of the 24 partners does not support the S-Curve hypothesis.
文摘As negotiations continue to resolve the China-U.S.trade friction,which is the cynosure of international attention,there are rumors that China is trying to undermine the talks.In order to clarify the facts and present China's position on these consultations,the State Council Information Office issued a white pa-per,China's Position on the China-U.S.Economic and Trade Consultations,on June 2.
