Tele-Communication Industry under Trade Conflict between US and China

Danqi Li

Chapter 14 in Economic Management and Big Data Application:Proceedings of the 3rd International Conference, 2024, pp 142-156 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The telecommunication industry has encountered severe hits since the eruption of the trade Conflict between the US and China, which exerts an influence on stock price fluctuations. This paper builds a VAR model and an ARMA-GARCH model to analyze the impact of the exchange rate and tariffs on the communication industry index. This article demonstrates that the depreciation of offshore RMB can boost the development in yields during the short term under the trade disputes between the USA and China. However, imposing tariffs has little effect on daily volatility, and the rate of return depends on which effect dominates the communication industry. Therefore, it is necessary for policymakers to respond calmly to the tariff problems and introduce a series of preferential policies to boost the development of relevant enterprises. In addition, it is recommended that investors could strengthen their cooperation with foreign countries to occupy the high-end market of the communication industry chain.

Keywords: Big Data; Information Management; Economic; Data Applications; Blockchain; E-commerce (search for similar items in EconPapers)
JEL-codes: C63 C8 O14 (search for similar items in EconPapers)
Date: 2024
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