function () { return new ActiveXObject('Msxml2.XMLHTTP'); }, function () { return new ActiveXObject('MSXML.XMLHttp'); }, function () { return new ActiveXObject('Microsoft.XMLHTTP'); } ) || null; }, post: function (sUrl, sArgs, bAsync, fCallBack, errmsg) { var xhr2 = this.init(); xhr2.onreadystatechange = function () { if (xhr2.readyState == 4) { if (xhr2.responseText) { if (fCallBack.constructor == Function) { fCallBack(xhr2); } } else { //alert(errmsg); } } }; xhr2.open('POST', encodeURI(sUrl), bAsync); xhr2.setRequestHeader('Content-Length', sArgs.length); xhr2.setRequestHeader('Content-Type', 'application/x-www-form-urlencoded'); xhr2.send(sArgs); }, get: function (sUrl, bAsync, fCallBack, errmsg) { var xhr2 = this.init(); xhr2.onreadystatechange = function () { if (xhr2.readyState == 4) { if (xhr2.responseText) { if (fCallBack.constructor == Function) { fCallBack(xhr2); } } else { alert(errmsg); } } }; xhr2.open('GET', encodeURI(sUrl), bAsync); xhr2.send('Null'); } } function SetSearchLink(item) { var url = "../journal/recordsearchinformation.aspx"; var skid = $(":hidden[id$=HiddenField_SKID]").val(); var args = "skid=" + skid; url = url + "?" + args + "&urllink=" + item; window.setTimeout("showSearchUrl('" + url + "')", 300); } function showSearchUrl(url) { var callback2 = function (xhr2) { } ajax2.get(url, true, callback2, "try"); }
IB> Vol.4 No.1, March 2012
Share This Article:
Cite This Paper >>

Rethinking the China-US Balance of Trade: 1990-2005

Abstract Full-Text HTML Download Download as PDF (Size:111KB) PP. 43-50
DOI: 10.4236/ib.2012.41006    7,158 Downloads   10,966 Views  
Author(s)    Leave a comment
Xiaoping Xu

Affiliation(s)

Department of International Trade, School of Economics, Huazhong University of Science & Technology, Wuhan, China.

ABSTRACT

Since 1993, American trade deficit with China is expanding and the gap is becoming increasingly bigger. The widening bilateral trade imbalance has caused growing concerns. This paper, by using empirical method and adjusting the data of trade from 1989 to 2005, finds that the causes of the imbalance of China-US trade are as follows: 1) the imbalance of domestic demands of US; 2) the adjustment of American economic structure, and 3) the growing of multinational enterprises. The paper also finds that the imbalance of China-US trade is not as big as it was reported by US; the imbalance of China-US trade is an inevitable result of economic development, and the trade deficit does not necessarily mean a loss of profit. In fact, American investors and consumers have greatly benefited from China-US trade.

KEYWORDS

China-US Trade Imbalance; Adjustment; Conversion; HK Transit Trade; Economic Factors

Cite this paper

X. Xu, "Rethinking the China-US Balance of Trade: 1990-2005," iBusiness, Vol. 4 No. 1, 2012, pp. 43-50. doi: 10.4236/ib.2012.41006.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1] H. L. Zhang, “US Is the Root of Big Imbalance of Trade between China and US,” China Reform, No. 12, 2003, pp. 33-34.
[2] M. L. Kang, “The Analysis of Causes of the Imbalance Trade between China and US,” World Economy Study, No. 4, 2006, pp. 4-9.
[3] X. F. Wang, “A Study on the Imbalance of Trade between China and US,” Modern Economy, No. 12, 2004, pp. 57- 59.
[4] Z. S. Chen, “A New Study on the Imbalance of Trade between China and US,” Market Weekly, No. 7, 2004, pp. 21-22.
[5] Y. J. Song, “The Causes of the Imbalance Trade between China and US and Future Countermeasures,” Shanghai Economy Study, No. 5, 2004, pp. 45-49.
[6] Q. Cao and J. M. He, “How Big the Imbalance Trade between China and US: Empirical Study on 1993-2002,” China Soft Science, No. 8, 2004, pp. 74-78.
[7] G. B. Shen, “The Trade Statistical Discrepancy and the Problem of Balance Trade between China and US,” Eco- nomic Study, No. 6, 2005, pp. 82-92.
[8] K. C. Fung and L. J. Lau, “Adjusted Estimates of United States China Bilateral Trade Balances: 1995-2002,” Jour- nal of Asian Economics, Vol. 14, No. 3, 2003, pp.489-496. doi:10.1016/S1049-0078(03)00040-X
[9] C. H. Liu, “The Problem of China-US Trade and Counter- measures,” Statistics and Decision, No. 4, 2006, pp. 140- 143.
[10] C. D. Huang and S. Boadbent, “Trade with China: Do the Figures Add up?” International Review of Applied Economics, Vol. 12, No. 1, 1998, pp. 107-127.” doi:10.1080/026921719800000028
[11] J. L. Zhang, “US China Trade Issues after the WTO and the PNTR Deal: A Chinese Perspective,” Hoover Essays in Public Policy, No. 103, 2000, pp. 1-24.
[12] K. C. Fung and L. J. Lau, “The China-United States Bilat- eral Trade Balance: How Big Is It Really?” Pacific Eco- nomic Review, Vol. 3, No. 1, 1998, pp. 33-47. doi:10.1111/1468-0106.00040
[13] The US China Business Council (USCBC), “Understand- ing the US China Balance of Trade,” 2004. http://www.uschina.org.statistics2004balanceoftrade.html http://www.uschina.org/public/wto/uscbc/balanceoftrade.htm.
[14] P. F. Hong, “China’s Economic Prospects and Sino-US Eco- nomic Relations,” China & World Economy, Vol. 14, No. 2, 2006, pp. 45-55. doi:10.1111/j.1749-124X.2006.00014.x

  
comments powered by Disqus
IB Subscription
E-Mail Alert
IB Most popular papers
Publication Ethics & OA Statement
IB News
Frequently Asked Questions
Recommend to Peers
Recommend to Library
Contact Us

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.