A Comparative Study On The Valuation Effects Of Sino-US International Investment Positions

As a measure of a country's foreign assets and liabilities,Net International investment position can fully reflect the external imbalances,and with the balance of payments accounts complement each other.The United States is the most powerful economy,Its international investment position also has a special research value.Among the factors influencing the net international investment position,besides the conventional trade channels,the valuation effect of the financial adjustment channel is also a important fact,unlike the trade channel,the valuation effect does not reflect in the position table,The effect of valuation on the external wealth of the country is becoming more and more obvious,Positive valuation effect is conducive to improving the net international investment position,It is getting more and more attention.Based on this,this paper will compare the valuation effect of investment positions between China and the United States.In this paper,the method of quantitative analysis and qualitative analysis is used.Firstly,the structure of China and the United States' international investment position table and the evolution of the past ten years are analyzed,and the structure and development of China and US international investment position are analyzed by comparative analysis For comparative analysis.Secondly,by calculating the calculation method and model of the valuation effect,we will choose the corresponding calculation method to calculate the scale of the US-China valuation effect and the effect of the valuation effect on the international investment position,and compare the valuation scale of the different types of assets The Finally,according to the model of the corresponding valuation effect,the corresponding variable of the valuation effect is selected as the independent variable,and the change of China's international investment position is the regression analysis of the dependent variable.The influencing factors behind the valuation effectare analyzed.This paper finds that there is a significant loss of valuation in China's external external imbalances,and the impact on the volatility of net positions is more and more significant.From the point of view of managing net assets,the fluctuation of management valuation effect has become more and more important.