BALANCE of tradeBALANCE of paymentsThis paper investigates the claim that China's exchange rate policy causes the US trade deficit with China to grow. Although there is no evidence that changes in the exchange rate cause the trade deficit to rise in the short run, a statistically significant ...
Raising tariffs will not balance U.S. books because the real problem is its excessive consumption and low saving rate, Liu noted. "The trade imbalance with China is further aggravated by the long-term U.S. restriction on high-tech exports to China." "The Trump administration is putting dome...
The trade balance with Mexico went from a surplus of $1.7 billion in 1993 to a deficit of $112.7 billion in 2020. Trading Partner In 2020, Mexico fell to being the second-largest merchandise trading partner with the U.S., behind China. Amid the COVID-19 pandemic, 2020 trade between the...
Global real rates outside China have increased, not decreased. The contribution of the Chinese saving shock to the US external balance is small, and so is that of the US dissaving shock to China’s trade balance. External surpluses and deficits in both countries are mostly homegrown. ...
Based on further classification of the demand in the USA,this paper conducts an empirical analysis of the bilateral trade between China and USA with seasonal data from 1994 to 2009.The results show that:the real important factors influencing US-China trade deficit are private consumption and invest...
THE U.S.-CHINA BILATERAL TRADE BALANCE: IT'S SIZE AND DETERMINANTS This paper has two aims. The first is to reduce the range within which the true U.S.-China bilateral trade deficit lies. The second is to identify the determinants of the bilateral trade deficit, and offer an assessment ...
Since 1993, American trade deficit with China is expanding and the gap is becoming increasingly bigger. The widening bilateral trade imbalance has caused growing concerns. This paper, by using empirical method and adjusting the data of trade from 1989 to 2005, finds that the causes of the ...
3) trade balance 贸易差额 1. On the basis of analyzing traditionaltrade balancestatistics system and examining with practical data in China,this text proposed a new perspective of setting up thetrade balancestatistics system based on ownership. ...
BEIJING (AP) — U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call Friday, an official Chinese news agency reported.