This article utilizes a large amount of statistical data to analyze the global distribution of foreign trade in China since 1990,as well as the factors involved and the changes in trends.The research results indicate ...This article utilizes a large amount of statistical data to analyze the global distribution of foreign trade in China since 1990,as well as the factors involved and the changes in trends.The research results indicate that China has gained a favourable balance against developed countries and a disadvantageous balance against developing countries;China enjoys a trade surplus with North American and European countries while suffering deficits with those in the Asia.pacific region,as well as with resource-abundant Australia,Africa and South America. With regard to trends,the structure of China’s foreign trade will not undergo fundamental changes in the short term,but in the long run will be transformed in line with restructuring of the growth pattern.展开更多
This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade...This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.展开更多
At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports...At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports, with the recovery of crude oil production and improved export infrastructure in the United States, U.S. crude oil exports have been growing rapidly, with an average of about one million barrels/day in 2017, making the U.S one of the major global crude oil exporters. Currently, the AsiaPacific region has replaced North America as the first major destination for U.S. crude oil exports. In light of future trends in the oil refining industry of the Asia-Pacific region, it will usher in a new wave of refinery operations around 2020 and crude oil imports will continue to grow rapidly. The American region, represented by the United States, will replace West Africa as the second largest source of crude oil imports to the Asia-Pacific region, and that energy trade cooperation between the Asia-Pacific region and the United States will continue to grow. In particular, for China, the United States will become an important source of crude oil imports for our country in the future, and the two countries will shift from the past of energy competition to energy cooperation. Sino-US energy trade will play a more active role in economic and trade cooperation between the two countries.展开更多
IN March 2018, the United States slapped tariffs of 25 percent on steel imports and 10 percent on aluminum in the name of national security under Section 232 of the Trade Expansion Act of 1962. Then, the Office of the...IN March 2018, the United States slapped tariffs of 25 percent on steel imports and 10 percent on aluminum in the name of national security under Section 232 of the Trade Expansion Act of 1962. Then, the Office of the United States Trade Representative released a report on the investigation of China under Section 301 of the Trade Act of 1974, claiming China＇s acts, policies, and practices regarding technology transfer, intellectual property, and innovation are “unreasonable and discriminatory, and burden U.S. commerce.”展开更多
The objective of this paper is to investigate the dynamic relationship between China′s trade balance (T) and macroeconomic variables: domestic and foreign output (Y and Y\+* ), real exchange rate (E), domestic...The objective of this paper is to investigate the dynamic relationship between China′s trade balance (T) and macroeconomic variables: domestic and foreign output (Y and Y\+* ), real exchange rate (E), domestic and foreign money supply (M and M\+*). The ADF Unit Root results show that the variables are all integrated of order I (1). The trade balance in China is not cointegrated with a number of variables, including the exchange rate. Absorption, elasticity, and monetary models are compared, and the elastic model performs better. There has been J\| curve in China, and the devaluations have had significant effect on the trade balance.展开更多
Donald Trump’s trade war with China does not make economic sense,but he does not face much domestic opposition to this trade war.Moreover,it is a part of a broader strategy of the nationalistic Americans’attempt to ...Donald Trump’s trade war with China does not make economic sense,but he does not face much domestic opposition to this trade war.Moreover,it is a part of a broader strategy of the nationalistic Americans’attempt to suppress the rise of China.Would China give in to the requests of the US under the threat of the escalation of the trade war?In what way?My conjecture is that China is willing to compromise up to a point.What China is likely to do is to promise to buy more goods and services from the US,allow greater market access for American firms,reduce Chinese subsidies to its industries,reduce forced technology transfers by American firms,strengthen enforcement of intellectual property rights protection and make verification all these commitments more transparent.Although the US might stop escalating the trade war,it is likely that the tariffs already imposed on Chinese goods would not be removed soon.In response to that,China also would not remove most of those tariffs already imposed on imports from the US,in keeping with the spirit of the tit-for-tat policy.It is possible that a temporary ceasefire is agreed,but the trade war can last for a long time.The final assembly stage of many industries might leave China,but not necessarily the whole production process.Hong Kong can be a victim of the trade war if it escalates.展开更多
More than 2,500 suppliers from 30 countries have confirmed their attendance at Intertextile Shanghai Apparel Fabrics set for 20 - 23 October 2008 at the Shanghai New International Expo Centre, Shanghai China. The show...More than 2,500 suppliers from 30 countries have confirmed their attendance at Intertextile Shanghai Apparel Fabrics set for 20 - 23 October 2008 at the Shanghai New International Expo Centre, Shanghai China. The show features 10 halls with more than 115,000 sqm of trade space along with seminars and展开更多
文摘This article utilizes a large amount of statistical data to analyze the global distribution of foreign trade in China since 1990,as well as the factors involved and the changes in trends.The research results indicate that China has gained a favourable balance against developed countries and a disadvantageous balance against developing countries;China enjoys a trade surplus with North American and European countries while suffering deficits with those in the Asia.pacific region,as well as with resource-abundant Australia,Africa and South America. With regard to trends,the structure of China’s foreign trade will not undergo fundamental changes in the short term,but in the long run will be transformed in line with restructuring of the growth pattern.
基金the Vermont Agricultural Experiment Station at the University Vermont,USA,and the National Social Science Fund of China(17ZDA067)for financial support of this project。
文摘This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.
文摘At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports, with the recovery of crude oil production and improved export infrastructure in the United States, U.S. crude oil exports have been growing rapidly, with an average of about one million barrels/day in 2017, making the U.S one of the major global crude oil exporters. Currently, the AsiaPacific region has replaced North America as the first major destination for U.S. crude oil exports. In light of future trends in the oil refining industry of the Asia-Pacific region, it will usher in a new wave of refinery operations around 2020 and crude oil imports will continue to grow rapidly. The American region, represented by the United States, will replace West Africa as the second largest source of crude oil imports to the Asia-Pacific region, and that energy trade cooperation between the Asia-Pacific region and the United States will continue to grow. In particular, for China, the United States will become an important source of crude oil imports for our country in the future, and the two countries will shift from the past of energy competition to energy cooperation. Sino-US energy trade will play a more active role in economic and trade cooperation between the two countries.
文摘IN March 2018, the United States slapped tariffs of 25 percent on steel imports and 10 percent on aluminum in the name of national security under Section 232 of the Trade Expansion Act of 1962. Then, the Office of the United States Trade Representative released a report on the investigation of China under Section 301 of the Trade Act of 1974, claiming China＇s acts, policies, and practices regarding technology transfer, intellectual property, and innovation are “unreasonable and discriminatory, and burden U.S. commerce.”
文摘The objective of this paper is to investigate the dynamic relationship between China′s trade balance (T) and macroeconomic variables: domestic and foreign output (Y and Y\+* ), real exchange rate (E), domestic and foreign money supply (M and M\+*). The ADF Unit Root results show that the variables are all integrated of order I (1). The trade balance in China is not cointegrated with a number of variables, including the exchange rate. Absorption, elasticity, and monetary models are compared, and the elastic model performs better. There has been J\| curve in China, and the devaluations have had significant effect on the trade balance.
文摘Donald Trump’s trade war with China does not make economic sense,but he does not face much domestic opposition to this trade war.Moreover,it is a part of a broader strategy of the nationalistic Americans’attempt to suppress the rise of China.Would China give in to the requests of the US under the threat of the escalation of the trade war?In what way?My conjecture is that China is willing to compromise up to a point.What China is likely to do is to promise to buy more goods and services from the US,allow greater market access for American firms,reduce Chinese subsidies to its industries,reduce forced technology transfers by American firms,strengthen enforcement of intellectual property rights protection and make verification all these commitments more transparent.Although the US might stop escalating the trade war,it is likely that the tariffs already imposed on Chinese goods would not be removed soon.In response to that,China also would not remove most of those tariffs already imposed on imports from the US,in keeping with the spirit of the tit-for-tat policy.It is possible that a temporary ceasefire is agreed,but the trade war can last for a long time.The final assembly stage of many industries might leave China,but not necessarily the whole production process.Hong Kong can be a victim of the trade war if it escalates.
文摘More than 2,500 suppliers from 30 countries have confirmed their attendance at Intertextile Shanghai Apparel Fabrics set for 20 - 23 October 2008 at the Shanghai New International Expo Centre, Shanghai China. The show features 10 halls with more than 115,000 sqm of trade space along with seminars and
