A Review on the Shock of Sino-US Trade Friction on Semiconductor Industry in China

Xirui Yang ()
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Xirui Yang: Zhejiang University of Technology, School of Economics

A chapter in Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), 2024, pp 552-563 from Springer

Abstract: Abstract With the formation of a new international division of labor which takes global value chain as its core, the high-tech industry represented by the semiconductor has gradually become the key point for countries to occupy the top of the value chain and maintain their comparative advantages. However, currently, Sino-US trade friction continues to escalate and the United States has repeatedly lauched trade sanctions in the field of high-tech product trade, posing a great threat to the development of the semiconductor industry in China. By combining relevant literature, this paper finds that the narrowing of technology gap is the fundamental cause of Sino-US trade friction hidden under the surface factor of trade imbalance; The Sino-US trade conflict has a negative impact on global economic welfare of both countries. A number of regulatory measures imposed by the United States on China have curdled the participation and position of the Chinese semiconductor industry in the global value chain.

Keywords: Sino-US trade friction; Global value chain; Semiconductor (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-441-9_47

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DOI: 10.2991/978-94-6463-441-9_47

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