Sino-us Trade Imbalance: Based On The Exchange Rate, The Savings Rate And Atp Perspective Of Thinking

In recent years, a serious imbalance in the international economy has triggered afierce debate in the international scholars, and international economic imbalancesmainly economic imbalances in the two super economies in China and the UnitedStates. The U.S. savings rate is lower than its long-term rate of investment, whileChina is the performance of the savings rate is much higher than the rate ofinvestment, this asymmetry has led to China and the United States many economicproblems, long-term imbalance in Sino-US trade disputes arising out of, the mostintense debate in the international community. The United States in recent years, theexchange rate published report, has been claimed that the main cause of the Sino-UStrade imbalance is the Renminbi undervalued, and therefore strongly urge theChinese Yuan appreciation, in order to ease the imbalance in Sino-US trade.In view of this, the study of Sino-US trade imbalance analysis by the widespreadconcern of academics and politicians discuss the most intense than the impact ofexchange rate on China-US trade balance. Some people think that RMB appreciationcan greatly ease the trade imbalance between China and the United States, the otherpart is that the RMB exchange rate to change the status of Sino-US trade imbalancewill not play too much, and may also lead to many other side effects. Both sides haveraised many theoretical perspectives and empirical findings, but due to the differentstandards used by each, and can not get the same recognition. Research on Sino-UStrade imbalance, there are many scholars around the exchange rate issue, many otherfactors that impact on trade imbalances, the main conclusions, including trade policy,the structure of savings, foreign direct investment in China, industrial transfer,re-export and statistical coverage differences, and so on.This paper using The Money Absorption Theory and The Trade Structure Theoryto discussed the most intense two factors: the exchange rate and the savings rate, atthe same time from trade structure proceed with, analysis of high technologyproducts (ATP) on the impact of trade of Sino-US trade imbalance. Using a large amount of statistical data, through the establishment of VEC model on Sino-US tradebalance of Sino-US trade balance and the factors which influence the correlationbetween dynamic analysis, revealed bilateral ATP trade on the Sino-US tradeimbalance has significant influence.