Research On Sino-US Trade Friction Under The Background Of Global Financial Crisis

Under current financial crisis background, in order to maintain their domestic economic interests, many countries don't hesitate to utilize Various methods of trade protection which causes global trade protection. Trade friction has existed since China and the US began to trade with each other. Under the current economic recession, the trade friction between China and the U.S. tends to be aggravated. Basing on this point, and unifying the current international economy situation, the article discusses and analyzes trade frictions between China and the U.S., and finally obtains some useful inspiration.This article falls into the following seven parts: The first part (i.e. introductory remarks) outlines the selected theoretical significance , including theory significance and practical significance, and summarizes views of domestic and foreign scholars on this question, then to gain the theoretical base of this thesis, and sums up the main method that this thesis used as well as the innovation point.The second part mainly introduced the meaning of trade friction and how to limit the conception. It points out that the trade friction mentioned in this thesis is between China and the U.S., and summarizes three phases of trade friction between China and the US, which solids theoretical foundation for the deep research on trade friction.In order to draw out the aggravation of the trade friction, the third part mentions about the general trade contacts between China and the U.S. since they have established diplomatic relations, and it has analyzed the Sino-U.S. trade development condition under emphatically the financial crisis.The fourth part mainly described the main performance which happens under the financial crisis background. In order to summarize the new tendency of the trade friction under financial crisis. This thesis mainly lists six performances of the aggravating trade frictions, including the increasing number of products involved in trade frictions, the hiding trade protection and so on.The fifth part expounds the causes of Sino-U.S. trade friction through four aspects. The first one is focused on the theoretical basis of the emergence of trade friction, the theory is mainly focused on analysis of the Huckster - Olin theory of comparative advantage, the Keynesian theory of government intervention and import protection and Paul?Krugman theory of promoting the export of trade's policy. Huckster - Olin pointed out that a country will export its productions which have comparative advantage, and it will import the products have a comparative disadvantage. In real life, products that the U.S .exports to China are mainly technology-intensive products, which have less flexibility, while China mainly exported labor-intensive products to the United States, and the elasticity of demand for these products are greater, so it leads to the emergence of the Sino-U.S. trade surplus, and trade surplus will inevitably lead to the expansion of the intensification of trade friction between the two countries. The Keynesian theory of government intervention has been believed to be a good"medicine" to resolve the crisis in the United States, the U.S. government's intervention in the Sino-US trade promoted the intensification of trade friction. Paul ? Krugman's import protection policies leaded the United States to adopt a strict policy of import protection, resulting in trade friction between the two countries continue to heat up. The second aspect examines this question from a global perspective, and the structural balance and the WTO system have caused to the Sino-US trade friction . The third aspect examines this question from the U.S. perspective; The reasons for the Sino-US trade frictions divided into two parts; the first part is that trade frictions mainly caused by industrial restructuring in the United States which the United States change from traditional industries to the domestic industrial structure transition to high-tech industry, but because the certain "time difference", at last it resulted the United States loss the advantages of traditional industries, while high-tech products can not occupy the market rapidly, at the same time ,strongly in expansion of bilateral trade deficit, and more trade friction. The second part described tense relations of two countries which is affected by some non-economic factors ; fourth,I analyze the causes of increased trade friction between the two countries in our position . In the first place,I infer that China's high trade dependence and U.S. direct investment in China led to trade surplus increases and trade friction ; then the paper indicates single species of China's export market and the reliance on the U.S. market result in China in a passive position , finally I concluded that China's low-price tactics also led to increase the friction between two countries. The sixth part inspects the China and U.S. trade friction to intensify the negative influence which brought to the Chinese domestic economics and trade development, which not only reduced Domestic enterprise's volume of exports, but also caused China's international trade environmental facing"the cold winter".In order to solve the question ,the article has proposed the view. The seventh part proposes how to solve these questions, and the article hopes that these policies'suggests can improve our trade environment, and it can finally promote the Sino-U.S .trade to be more harmonious and healthy .