Analysis Of China-US Trade Friction Based On The Perspective Of US Re-industrialization Strategy

The 2008 financial crisis has brought heavy damage to the US economy,the economic relationship between China and the United States also entered a new stage.The United States has once again emphasized the ?re-industrialization? strategy,hoping to lead the return of the real economy and take the lead in advanced manufacturing and emerging industries.At the same time,the United States began to regard China as one of the main threats.China-US trade frictions have intensified and it has been upgraded to a China-US trade war in 2018.Since the official introduction of the ?re-industrialization? policy in 2009,the United States has achieved certain results in terms of industrial added value,merchandise exports,and domestic employment.As a major manufacturing country,China is in an important period of development to optimize its industrial structure.China and the United States have inevitably experienced more positive competition,both market and policy could make the United States has comprehensively upgraded its trade remedy investigations against China.This paper first summarizes and analyzes the strategic measures and effects of the US ?re-industrialization?,and then analyzes the new characteristics of China-US trade friction in recent years from the perspective of the US-initiated trade relief investigation.In the end,to construct the regression model,four indicators that can represent the effect of ?re-industrialization? were selected as explanatory variables,namely,US industrial added value,US merchandise exports,US manufacturing RCA index,and US unemployment rate.The US-China trade deficit has a large impact on the exchange rate factor,that is,the US dollar against the RMB exchange rate as the fifth explanatory variable,and the number of US trade remedy investigation cases against China is selected as the explanatory variable.The regression model is used to quantitatively analyze the US ?re-industrialization? strategy may have an impact on China-US trade friction in the future.It was found that industrial added value,merchandise exports,unemployment rate and the US dollar against the RMB exchange rate were positively correlated with the explanatory variables;the US manufacturing RCA index was negatively correlated with the explanatory variables.Based on the analysis results,it puts forward China’s countermeasures against the new changes in China-US trade friction in the context of the US ?re-industrialization? strategy,namely,promoting investment cooperation between China and the United States in the field of competition,rationally utilizing trade dispute resolution mechanisms,and accelerating industrial transformation.Improve the structure of foreign trade goods.