Abstract
This study attempts to investigate the causes of Sino-US trade friction in recent years and provides countermeasures accordingly. The import and export volume of two countries, the product structure of China’s export, the 337 th Act lawsuits related to China, the industries involved in trade friction, and the G-L Index of Sino-US Products are analysed in detail. The causes of Sino-US trade frictions are discussed from the perspective of China and U.S., which include the unreasonable product structures of China’s export, poor performance of Chinese enterprises in the trade friction lawsuits, unfavorable condition of China’s intellectual property protection, the implementation of trade protectionism by American government, and the demands of American different interest groups. Based on these, countermeasures are put forward. The implementation of industrial upgrading, the increase of the added value of products, and the improvement of intellectual property protection are highly encouraged. Trade friction warning system needs to be constructed in the practice. Chinese government needs to carry out strategic dialogue with U.S.
Highlights
China is the largest developing country in the world, and has great market potential
American government regards this competitive pricing behavior as dumping to occupy market share, policies are approved to restrict the import from China
To solve the problem of trade imbalance in the long run, China needs to upgrade its status of participating in international division of labour
Summary
China is the largest developing country in the world, and has great market potential. The. United States is the most developed country with the highest degree of economic development. China and the United States are important trade partners of each other. Export becomes the engine of boosting Chinese economy and China runs trade surplus in Sino-US trade. The trade disputes have become fierce between two countries. The friction breaks the smooth process of China’s international business communication, and generates negative impacts on the trade relations of two countries. The purpose of this research is to find the causes of trade friction and provide countermeasures so as to provide China the opportunities to realize present economic and political benefits and the referential experience to solve the trade friction problems with other countries in the future
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