The Impacts of Sino-US Trade on China’s Economic Growth ()
Abstract
China has witnessed
many exciting changes after the Chinese government adopted reform and opening-up
policy in 1978. In this process, the United States has a positive influence on
China’s economic growth. Traditional view thinks that the influence of exports
on China's GDP growth is greater than imports, but the result of regression
analysis shows that imports have a greater impact on China’s GDP growth rather
than the exports. Based on the statistics from 1998-2007, China’s GDP will increase
by 0.455% if the volume of China’s exports to US increases by 1% while China’s
GDP will increase by 0.825% if the volume of China’s imports from US increases by
1%.
Share and Cite:
Xie, H. (2014) The Impacts of Sino-US Trade on China’s Economic Growth.
American Journal of Industrial and Business Management,
4, 295-306. doi:
10.4236/ajibm.2014.46037.
Conflicts of Interest
The authors declare no conflicts of interest.
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