View Sino-U.S. Trade Imbalance In Proper Light

China and the United States, the largest developing and developed economic entities in the world, are complementary in resources endowments, economic structures and consumption levels. If the most powerful country in the world teams with the world's most populous and vibrant country, the result will be greater prosperity and stability throughout the world. However, with the rapid growth in Sino-U.S. trade, the bilateral trade imbalance has been deteriorating dramatically and has become an increasingly sensitive issue in China-U.S. relations.As the trade imbalance expanded, kinds of trade disputes have emerged between the two countries. China has especially suffered a lot. World Trade Organization statistics show that China has encountered 248 cases of anti-dumping from 2000 to the end of 2005. Among them, the United States is the country that attacks China the most. It also exerts restrictions on China via means of intellectual property right, quota, etc.U.S and China have large discrepancy on both the scale and the causes of trade imbalance. U.S.-China Economic and Security Review Commission (USCC) obviously have some misunderstandings when they analyze this issue. To resolve Sino-U.S. trade imbalance properly, and promote the healthy development of bilateral economic relationship, we need to clarify those misunderstandings between the two countries.The article tries to figure out the exact scale, causes and the impacts of the Sino-U.S. trade imbalance and leads two sides to view Sino-U.S. trade imbalance in a proper light. The thesis covers four parts. The first part, containing the first two chapters, briefly reviews the development of Sino-U.S. trade, the background and the current argument on the trade imbalance. The second part, with chapter 3 and chapter 4 included, analyses the real number of trade deficit and two sides' trade policies, clarifying some misunderstandings between two countries. The third part, namely chapter 5 and chapter 6, discusses the causes and impacts of trade imbalance from global perspective, pointing out that the trade imbalance is the result of East Asian industry transfer and does no harm to the trade deficit country. The fourth part, chapter 7, by reviewing the main points of the essay, concludes that Sino-U.S. trade imbalance is not a big deal and the imbalance will exist for a long time. The conclusion of the essay suggests both China and the U.S. view the trade imbalance with dynamic mind and responsible attitude in a long horizon.