Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)

The Research of Reasons Behind the US-China Trade Imbalance

Authors
Meixi Peng
Corresponding Author
Meixi Peng
Available Online 22 March 2021.
DOI
https://doi.org/10.2991/aebmr.k.210319.013How to use a DOI?
Keywords
US–China relations, trade imbalance, US-China trade deficit
Abstract

The US-China trade deficit has directly brought about the ongoing trade war and is a major factor contributing to the growing tensions between the two global superpowers. Only by thoroughly analyzing the factors behind the massive imbalance and understanding the connection between them can effective measures be proposed and enacted upon, bringing about a healthy, sustainable trade relation and making space for further economic growth. In light of this fact, this paper goes through the history of US-China trade and focuses on the underlying reasons behind the ongoing imbalance, finally putting forward methods to address it. It concludes that Chinese, as well as American and international factors have all contributed to the imbalance, and that the numbers may be further exaggerated due to imperfections in the measuring system. Finally, this paper proposes solutions to resolve the issue.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
22 March 2021
ISBN
978-94-6239-354-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210319.013How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Meixi Peng
PY  - 2021
DA  - 2021/03/22
TI  - The Research of Reasons Behind the US-China Trade Imbalance
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 67
EP  - 73
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.013
DO  - https://doi.org/10.2991/aebmr.k.210319.013
ID  - Peng2021
ER  -