Abstract

The Covid-19 pneumonia epidemic has broken out and spread in more than 215 countries, with more than 7 million confirmed cases worldwide, which will definitely have a huge negative impact on the global economy, and it has also given birth to populism and trade protectionism in some countries such as the United States. In particular, the trade friction between China and the United States has not been completely resolved, and the direction of the trade relationship has become an important issue in the post-epidemic era. Using retrospective research methods, dynamic analysis methods, and path analysis methods, we discovered the uncertainties in Sino-US trade relations under the epidemic. In the post-epidemic era, Sino-US trade relations will show long-term trade disputes, accompanied by complex politicization and normalization of talks while fighting. However, Sino-US trade is highly interdependent and cannot be divided. Therefore, China upholds to jointly build a community with a shared future for mankind, comprehensively deepens reform and opening up, adheres to dialogue and consultation, stabilizes the ballast of economic and trade relations, crosses the "Thucydides trap", and implements the strategy of expanding domestic demand to take the lead in restoring the economy during the epidemic. Responding to the trade war provoked by the United States against China also provides reference for in-depth research on trade-related theories.

Highlights

  • In March 2020, the World Health Organization (WHO) officially announced that the new coronavirus epidemic (2019-COVID) has entered a global pandemic

  • As of June 8, 2020, the number of confirmed cases in the United States has exceeded 1.94 million, and the number of confirmed cases outside of China has exceeded 6.9 million cases [1]. This has brought about a huge negative impact on both the Chinese and American economies

  • China is the first to control the epidemic in the global economy, and must seize the advantage of taking the lead in recovering the economy to deal with the Sino-US trade dispute

Read more

Summary

Introduction

In March 2020, the World Health Organization (WHO) officially announced that the new coronavirus epidemic (2019-COVID) has entered a global pandemic. As of June 8, 2020, the number of confirmed cases in the United States has exceeded 1.94 million, and the number of confirmed cases outside of China has exceeded 6.9 million cases [1]. This has brought about a huge negative impact on both the Chinese and American economies. It has spawned the United States’ renownism and trade protectionism. As the two major economies with the largest trade volume in the world, they signed the agreement in December 2019. Predicting the trend of Sino-US trade relations in the post-epidemic era, and proposing several new ideas for effectively responding to Sino-US trade frictions from the perspective of the new crown epidemic will help China and the United States to abandon the positioning of strategic competitors and the "Cold War mentality" and return to dialogue and negotiation The economic logic of cooperation with trade

The Uncertainty of Sino-US Trade Relations under the New Crown Epidemic
The Trend of Sino-US Trade Relations in the Post-epidemic Era
Several New Ideas for Dealing with Sino-US Trade Frictions
Deepen Reform and Expand Opening to the Outside World
Findings
Implement A Strategy to Expand Domestic Demand and Boost the Domestic Economy
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.