Structural analysis of Sino-US Trade

Yizhou Kuang ()
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Yizhou Kuang: College of Public Administration, Southwest Jiaotong University, Jinghua street, Chengdu City, Sichuan Province, 611756, China

International Journal of Economics and Empirical Research (IJEER), 2014, vol. 2, issue 8, 333-344

Abstract: United States and China are the world’s largest and second-largest economies, and the world's largest and second-largest countries of trade as well. How will the Sino-US trade policy be adjusted and the trade structure be improved have always been a matter of concern. Firstly, a periodic review of the development of Sino-US trade is conducted in this paper. Then several empirical approaches, such as intra-industry trade analysis, comparative advantage analysis and export similarity analysis are adopted to analyze the latest statistics, in order to find out the compatibility and trends of Sino-US trade. The results calculated are used to demonstrate the difference of import and export structures between two countries, why China has a surplus in trade in goods, but a deficit in trade in services and what will this lead to in the future. The study shows that the basic methods to optimize the structure of Sino-US trade are advancing technologies, stimulating domestic demand and accelerating the development of services.

Keywords: trade structure; comparative advantage (search for similar items in EconPapers)
JEL-codes: F12 F14 O14 (search for similar items in EconPapers)
Date: 2014
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