China's Economic Growth Mechanism Of Sino-us Trade

Since China's reform and opening-up, the Sino-America trade relationship has been developed constantly and mutual trade interdependence has been promoted continuously. Meanwhile, the trade goods structure has appeared great change. The development of Sino-America trade relationship is very important to develop comparative advantages of two countries and improve people's economic welfare. This text comprehensively applies the theories and methods of econometrics, international trade studying, industry's economics, etc., and analyzes and studies the Sino-America trade to the contribution of China's economic growth.This text reviews the studying of the relationship between trade and economic growth from domestic and international scholars, and uses the theories of international trade studying, industrial economics, etc. to analyze the mechanism of how foreign trade promotes one country's economic growth by influencing one country's GDP, industrial structure, system innovation and technological progress, etc. The text describes China's foreign trade and the current situation of Sino-America bilateral trades. The data of China's GDP, import-export value of Sino-America trade indicate that China's economy has the same trend with Sino-America trade. On this basis, the text uses the data of Sino-America trade import-export volume, China's GDP value, the proportion of China's tertiary industry in GDP and whole factors productivity of China to analyze how Sino-America influences China's economic growth, industrial structure and technological progress. By applying ADF test, cointegration and setting up the error-revise models, the text gets the following conclusions: In the long-term, China and the United States's import-export trade will promote China's economy and Chinese industrial structure adjustment; there is no long-term balance between the Sino-America trade and technological progress of China. In the short-term, export trade to the USA from China will promote China's economic growth and import trade from the USA does not exert influence on China's economic growth; import-export trades between China and the USA do not exert influence on Chinese industrial structure optimization. Finally, by the above analysis results, this text proposes suggestions and countermeasures on the development of Sino-America trade.