Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War

Abstract

December 01 2019 Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2019 by the Asian Economic Panel and the Massachusetts Institute of Technology2019Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2019) 18 (3): 55–56. https://doi.org/10.1162/asep_a_00716 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War. Asian Economic Papers 2019; 18 (3): 55–56. doi: https://doi.org/10.1162/asep_a_00716 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Dwight H. Perkins, Harvard University: Professor Yu has made a number of points relevant to the questions of the U.S. trade deficit with China and whether or not China is a market economy and eligible for market economy status in its trade with the United States. My comments focus on additional issues that need to be considered in analyzing these two questions. First, to fully understand why the United States has a trade deficit with China and China a surplus, it is important to understand the macroeconomic considerations that underlie this result. The United States has an overall trade deficit with the rest of the world and China has an overall surplus. This overall deficit results from the fact that the United States consumes and invests more than it produces. This is due in part to a low saving rate and an investment rate that is considerably larger than that... You do not currently have access to this content.