According to the data of the total trade of agricultural products between China and the United States from 2009 to 2018 and the general description of agriculture in China,this paper adopts the method of econometric m...According to the data of the total trade of agricultural products between China and the United States from 2009 to 2018 and the general description of agriculture in China,this paper adopts the method of econometric model to make a detailed analysis of the agricultural trade between China and the United States by using cointegration analysis,Granger causality test and error correction model in order to explore the impact of agricultural trade between China and the United States on China’s agricultural development. The results of empirical analysis show that there is a balanced relationship between the trade of agricultural products between China and the United States and the development of agriculture in China. The total trade of agricultural products between China and the United States affects the development of China’s agriculture.In addition,in the short term,if the short-term fluctuation deviates from the long-term equilibrium,then the error correction term will reverse it with strength of 0. 378,so that the non-equilibrium state will gradually return to the equilibrium state.展开更多
After 40 years of reform and opening up,China is now the world second largest economy,next to the United States.China's GDP has experienced exponential growth over the past decades,successfully breaking the barrie...After 40 years of reform and opening up,China is now the world second largest economy,next to the United States.China's GDP has experienced exponential growth over the past decades,successfully breaking the barriers of a centrally-planned and closed economy to evolve to a modern,dynamic and progressive manufacturing and exporting hub of the world.展开更多
Merchants from many countries went to China to trade in the eighteenth and early nineteenth century, including Portuguese, Spanish, English, French, Flemish, Armenians, Muslims, Parsees, Dutch, Danish, Austrians, Ital...Merchants from many countries went to China to trade in the eighteenth and early nineteenth century, including Portuguese, Spanish, English, French, Flemish, Armenians, Muslims, Parsees, Dutch, Danish, Austrians, Italians, and Americans. Many of these travelers kept detailed records of their encounters with China. Their documents can be very helpful in unraveling parts of the history that are silent in Chinese sources. These records can be divided into three basic groups, those of： East India companies, private traders, and private travelers. East India companies kept massive volumes of records and tended to be very systematic in the type of information they recorded from one year to the next. Private trade records were much less sophisticated than those of the companies, and often consisted of miscellaneous bundles of receipts, reports, letters, contracts, and journals. Private travel records were written by persons who sailed on merchant ships but were not necessarily merchants themselves. They recorded what they saw and heard along the way, which is information that often does appear in other records. Taken as a whole, company records, private trade records and private travel journals add much detail to the history of China that cannot be found in Chinese language sources.展开更多
Policy flexibility to absorb external shocks China seems to be striving for the best but preparing for the worst in dealing with the trade stand-off with the US.The tariff truce agreed by both countries at G20 indicat...Policy flexibility to absorb external shocks China seems to be striving for the best but preparing for the worst in dealing with the trade stand-off with the US.The tariff truce agreed by both countries at G20 indicates motivation to reach a trade deal.China has committed to further liberalization and protection of IP to prevent supply chain relocations due to protracted trade friction.Pragmatists in the Trump administration appear to have gained the upper hand for the moment as worries about a fading fiscal stimulus and higher tariffs are causing a slump in the stock market.However,a deal is anything but assured.展开更多
While the world eagerly awaits a resolution to the ongoing trade dispute between China and the United States, the increased tariffs in May were a result of a breakdown in negotiations that further mitigated the chance...While the world eagerly awaits a resolution to the ongoing trade dispute between China and the United States, the increased tariffs in May were a result of a breakdown in negotiations that further mitigated the chance that an agreement can be reached soon. While further meetings are taking place between top officials from both nations, it is expected that the dispute will affect the global economy for the remainder of 2019.展开更多
文摘According to the data of the total trade of agricultural products between China and the United States from 2009 to 2018 and the general description of agriculture in China,this paper adopts the method of econometric model to make a detailed analysis of the agricultural trade between China and the United States by using cointegration analysis,Granger causality test and error correction model in order to explore the impact of agricultural trade between China and the United States on China’s agricultural development. The results of empirical analysis show that there is a balanced relationship between the trade of agricultural products between China and the United States and the development of agriculture in China. The total trade of agricultural products between China and the United States affects the development of China’s agriculture.In addition,in the short term,if the short-term fluctuation deviates from the long-term equilibrium,then the error correction term will reverse it with strength of 0. 378,so that the non-equilibrium state will gradually return to the equilibrium state.
文摘After 40 years of reform and opening up,China is now the world second largest economy,next to the United States.China's GDP has experienced exponential growth over the past decades,successfully breaking the barriers of a centrally-planned and closed economy to evolve to a modern,dynamic and progressive manufacturing and exporting hub of the world.
文摘Merchants from many countries went to China to trade in the eighteenth and early nineteenth century, including Portuguese, Spanish, English, French, Flemish, Armenians, Muslims, Parsees, Dutch, Danish, Austrians, Italians, and Americans. Many of these travelers kept detailed records of their encounters with China. Their documents can be very helpful in unraveling parts of the history that are silent in Chinese sources. These records can be divided into three basic groups, those of： East India companies, private traders, and private travelers. East India companies kept massive volumes of records and tended to be very systematic in the type of information they recorded from one year to the next. Private trade records were much less sophisticated than those of the companies, and often consisted of miscellaneous bundles of receipts, reports, letters, contracts, and journals. Private travel records were written by persons who sailed on merchant ships but were not necessarily merchants themselves. They recorded what they saw and heard along the way, which is information that often does appear in other records. Taken as a whole, company records, private trade records and private travel journals add much detail to the history of China that cannot be found in Chinese language sources.
文摘Policy flexibility to absorb external shocks China seems to be striving for the best but preparing for the worst in dealing with the trade stand-off with the US.The tariff truce agreed by both countries at G20 indicates motivation to reach a trade deal.China has committed to further liberalization and protection of IP to prevent supply chain relocations due to protracted trade friction.Pragmatists in the Trump administration appear to have gained the upper hand for the moment as worries about a fading fiscal stimulus and higher tariffs are causing a slump in the stock market.However,a deal is anything but assured.
文摘While the world eagerly awaits a resolution to the ongoing trade dispute between China and the United States, the increased tariffs in May were a result of a breakdown in negotiations that further mitigated the chance that an agreement can be reached soon. While further meetings are taking place between top officials from both nations, it is expected that the dispute will affect the global economy for the remainder of 2019.
