A Study On The Causes And Countermeasures Of Sino - US Trade Imbalance

In November 2001,After China entered the WTO, Sino-US trade and the trade volume continued to grow, but the long-term presence in the trade imbalance between the two countries has not been resolved. But the imbalance of trade has expanded each year. Huge trade deficit between China and the United States hasn’t solve, the RMB exchange rate face great pressure.The United States caused a series of trade friction between the two countries, seriously affecting the common interests of the healthy development of economic and trade relations between two countries. In 2000-2013, despite its 2008 global financial crisis, the relationship between the The United States and China is closer.Based on this understanding, this article analyzes from the actual situation of Sino-US trade imbalance.The imbalances reasons were analyzed from many angles to explore, and select multiple regression model, focusing on selected national savings rate between China and the US, the real exchange rate of RMB against the US dollar two factors to analyze the cause of Sino-US trade imbalance.This article is divided into five chapters, namely the introduction, the concept of trade imbalances and related theories, Sino-US trade imbalance, econometric analysis, countermeasures and suggestions.This article begins with the introduction section. Which contains three sections, the first section points in detail the background and significance of the study; the second section to study at home and abroad, mainly introduces some achievements in Sino-US trade imbalances scholars and experts in Sino-US trade imbalance Research on the status issue; and the third section describes the methods and innovations of this article.The second part, from the definition of international trade imbalances departure, describes two types of trade imbalance, which leads to Marshall-Lerner condition, J-curve effect, Keynesian model of international payments imbalances associated with the three classical theory.The third part, recalled that since the reform and opening up trade relations between the two countries, the transition to the status and characteristics of Sino-US trade relations. This paper describes the mechanism of action followed by China and the US national savings rate differences and the real exchange rate of RMB against the US dollar are two factors affecting the Sino-US trade imbalance. Finally, a brief description of the other causes of Sino-US trade imbalance-the United States export control and US direct investment.The fourth part, this paper selects the 2000-2013 Sino-US trade in China’s favorable balance of the United States (referred to as SC), the real exchange rate of RMB against the US dollar (denoted R), China and the US national savings rate difference (referred to as QC) trying to take advantage of multiple linear regression model, draw China’s favorable balance of US (SC), the RMB against the US dollar (R), the relationship between China and the US national savings rate differences (QC) between further empirical analysis using the model of Sino-US nationals reduce the differences in the savings rate, the RMB appreciation is possible to reduce the Sino-US trade surplus.The fifth part, under the background of economic globalization, in order to promote the harmonious and stable development of Sino-US trade relations, and ultimately achieve mutually beneficial trade relations, China’s response to the Sino-US trade surplus is increasing, countermeasures and suggestions put forward by trade frictions.