Sino-US Trade War Research Articles

Reverse mixed ownership reform and financial risks in private enterprise

The mixed ownership reform is an important part of the economic restructuring in our country. In addition to the participation of non-state-owned capital in soes, it is also more and more common for state-owned capital to participate in the reverse mixed ownership reform of private enterprises. As an important force in China's economic development, the national economy has entered a new normal in recent years, and due to the impact of COVID-19, the Sino-US trade war and other events, many private enterprises have fallen into financial crisis and entered a "wave of closure." Based on this background, this paper empirically studies the impact of state-owned capital shareholding on the financial risk of private enterprises by using the sample of A-share listed enterprises in Shanghai and Shenzhen Stock exchanges from 2007 to 2021. In addition, this paper also discusses the influencing mechanism from two aspects of resource acquisition and governance supervision, and further analyzes that the effect of reverse mixed ownership reform of private enterprises on reducing financial risk mainly comes from the shareholding of state-owned non-financial institutions. This paper enriches the research on the economic consequences of reverse mixed ownership reform and the influencing factors of financial risks, and provides new ideas for improving the ability of private enterprises to prevent financial risks and promoting the healthy and stable development of private enterprises.

The Impact of the Sino-US Trade War on Studying in the US

The Impact of the Sino-US Trade War on Studying in the US

LEST: Large language models and spatio-temporal data analysis for enhanced Sino-US exchange rate forecasting

Exchange rate forecasting has a significant impact on a country’s balance of international payments, financial security and stability. Under the context of Sino-US trade war, a series of news events have happened thus increasing the abnormal fluctuations in the RMB exchange rate, and these fluctuations have made it more difficult to forecast the exchange rate. The analysis of news events’ impact on exchange rate fluctuations focused on assigning emotional labels to different economic news and political events by building an emotional lexicon. However, the previous method of using an offline emotional lexicon to analyze events could not be updated promptly making it difficult to better exploit implicit information of news events. Also, the offline emotional lexicon requires manual annotation of events which is unavoidable and subjective and therefore influences the sentiment analysis of the event. Therefore, we build a fusion forecasting framework of spatio-temporal and emotional information for accurate, real-time exchange rate forecasting. First, in the preprocessing phase, we leveraged the situational learning capabilities of Large Language Models (LLMs), specifically ChatGPT, combined with prompt engineering to enable ChatGPT to provide real-time, online, and precise automated sentiment analyses of Sino-US trade events. Second, we proposed the SG-TL fusion model, which integrates Spatio-Temporal Graph Convolutional Networks (STGCN) and Gated Recurrent Unit (GRU) models in the feature processing approach to accurately extract exchange rate features in spatial and temporal dimensions. We also employed Transformer and Long Short-Term Memory (LSTM) models in the forecasting phase to forecast the Sino-US exchange rates. Finally, Experiment results demonstrate that the exchange rate forecasting framework LEST can accurately capture the exchange rate fluctuations during the period of Sino-US trade war. Furthermore, its forecasting performance is more precise, efficient, and stable than existing works. The source code of our developed method is publicly available at https://gitee.com/andyham_andy.ham/lest-forecasting-framework.

Multiscale quantile dependence between China's green bond and green equity: Fresh evidence from higher-order moment perspective

This study investigates the multiscale quantile dependence between green bond and green equity in China at different moments and investment horizons. A novel Ensemble Empirical Mode Decomposition based Copula Quantile-on-Quantile Regression model (EC-QQR) has been proposed to quantify the multiscale quantile dependence between two green finance markets for different moments. The empirical findings reveal that, first, green bonds have positive correlations with green equities at kurtosis and negative correlations at skewness. Second, the “tail effect” can be found in extreme quantiles for most short- and medium-terms. Third, the rolling window analysis provides evidence of dynamic dependence, especially for the kurtosis moment in the short term, and interdependence is susceptible to major events such as the Sino-US trade war and COVID-19. These findings have implications for investment strategies and risk management in the green finance markets.

Dynamic volatility spillover relationships between the Chinese carbon and international energy markets from extreme climate shocks

The immense attention to climate change risk has stimulated increasing interest in carbon markets and their linkages to other markets. This study investigates the dynamic volatility spillover relationships between the Chinese carbon and international energy markets, and the impact of extreme weather events on the relationships. Empirical results show that the risk is transferred from the international gas (GAS) and crude oil (OIL) markets to the Chinese carbon market (GDC). The total volatility spillover among markets and the net spillover of GDC with other markets both have obvious periodicity. The shocks from extreme weather events and extremely high temperatures can amplify the trading volume of GDC, and strengthen the fluctuations of GDC, ultimately turning GDC from a risk receiver to a risk transmitter. The portfolio strategies based on the reversal phenomenon can achieve higher average returns compared to the Chinese and EU carbon markets. In addition, the shocks of the Sino-US trade war, the Covid-19 outbreak, the COP 26 and the Russo-Ukrainian war have different effects on the volatility spillovers among markets. Economic and policy implications for investors and regulators are also provided along with these findings.

The Impact of External Events on the Industry: Taking the Pharmaceutical and Chip Industries as Examples

The Covid-19 pandemic and the Sino US trade war have been the focus of the international community in recent years. By using the methods of literature review and data analysis, this paper analyzes the short-term fluctuations and long-term development trends of medical devices, chemical pharmaceuticals, Chinese patent medicines and biopharmaceuticals in China under the pandemic situation. It also studies the impact of the measures taken by China and the United States in the chip game, as well as the political significance of the relaxation of chip restrictions in the United States: it seems to be courting China, but in fact it is to suppress Chinese chips more forcefully. The research results of this paper can provide reference suggestions for the policy authorities: there is a large development space for Chinese patent medicine and biopharmaceutical, and information technology also has broad application prospects in the pharmaceutical industry. China should continue to strengthen the research and development of chips to cope with the new round of offensive of the United States.

Siquian City’s Exporting of Goods: Competitiveness and Survival Analysis Amidst Challenges

In 2020, in the face of the sudden impact of the new coronavirus pneumonia epidemic, Suqian's economy has withstood the test of the epidemic, showing a good situation of "rapid stabilization and gradual recovery", and the "13th Five-Year Plan" has come to a successful end. In the year of 2020, when the Sino-US trade war has not ended and the new coronavirus epidemic is raging, Suqian's foreign trade can achieve such good results, which is worthy of affirmation. However, while affirming that Suqian can still achieve such excellent results in the export of goods in such a severe situation at home and abroad, we should also see that there are still many shortcomings in the development of Suqian's foreign trade. Based on this, this paper firstly analyzes the current situation of Suqian's goods export from four aspects, such as the scale of goods export, export goods, export trade mode and the export situation of goods in each sector. Secondly, the paper analyzes the existing problems of Suqian's export of goods. The main problems are: the gap between Suqian and southern Jiangsu, the unbalanced development of various sectors, the unreasonable structure of export of goods, etc. Thirdly, from the internal and external environment, this paper analyzes the reasons for these problems in Suqian's goods export. The internal reasons include: inter-regional industrial transfer, insufficient level of industrial development, and insufficient location advantage; The external reasons are as follows: the impact of the COVID-19 epidemic, Sino-US trade friction, sluggish international market demand, the impact of international industrial transfer and trade barriers have weakened the competitiveness of Suqian's export goods; Finally, from the two levels of government and enterprises to improve the problems of Suqian goods export countermeasures and conclusions.

Why do ASEAN Countries, Japan and South Korea Join Both IPEF and RCEP

In recent years, the world economy has gradually emerged the phenomenon of anti-globalization, especially the trade frictions between China and the United States and since 2020. Since the beginning of the year, the global pandemic of the novel coronavirus has caused a serious blow to the world's economic system, especially the transnational trade, which has almost completely stopped due to Covid-19, and the trade friction between China and the United States has not changed. This paper takes the post-epidemic era and the Sino-US trade war as the background of the great era, and from the perspective of ASEAN countries, Japan, and South Korea, through SWOT analysis and other methods, studies how these countries seize the current opportunities, especially those from. The opportunities of IPEF and RCEP take the lead in realizing the economic recovery after the epidemic.

A Study on the Differences and Correlations Between Soybean Futures Markets in USA and China

Futures market in the United States has gone through more than 150 years and has the most developed grain futures market in the world. By selecting soybean, the most representative product in the futures market, in this work, the ADF test and Granger test are utilized to objectively distinguish between the soy bean futures markets of China and America. This article examines the effects of exceptional events on the soybean futures in two nations in light of the two typical special events of the Sino-US trade war and the COVID-19 epidemic. The findings are made by the author: there is a strong correlation between soybean futures and spot in China and the US. However, the association is not as prevalent in China as it is in the US. There is a cointegration link between the soy bean futures markets in China and the US, and there is a Granger guiding relationship for China on the USA's soy bean futures market. The impact of the Chinese and American markets on each other is long-term. The COVID-19 epidemic and the Sino-US trade dispute are investigated as well by the author, who discovers a negative link between the prices on the soybean futures markets of the two nations. The Chinese bean futures market is characterized by a lack of risk appetite and an overwhelming reliance on the US.

Research on China's Chip Industry Policies in the Context of the China-US Trade War

China and the US have always been important trading partners, but the huge unilateral trade deficit of the US has led the Trump administration to launch a "trade war" against China in an attempt to reverse the trade deficit through tariffs. In the Sino-US trade war, the US has launched a "301" investigation against Chinese companies, targeting China's high-tech sector. The United States has added Huawei, SMIC and other leading domestic chip companies to its list of entities, which has seriously hindered the development of China's chip industry. Before the Sino-US trade war broke out, China could import high-end chips from the US, but after the trade war, the US cut off the supply of high-end chips to China. Chip is the foundation of semiconductor technology enterprises and the strategic basis of national development. But China is not deeply involved in this strategic industry and faces a bottleneck in key technologies.

Analysis of the Impact of Sino-US Trade War on Manufacturing Industry

The essay explains the situation between Sino and U.S. It demonstrates how trade war begins. Actually, there are several reasons which make the trade war happen. Clearly, from the U.S .aspect, the bad performance of economic development is one of the most important reasons. Besides that, the influence of the society structure and the political structure is another reason which will be discussed in the essay. Another aspect is from China. Because the quick progress has happened in China, it asks for more rights and more progress space globally. China is a big country, it has the biggest population in the world. However, the law in China is not well prepared for quick progress. When doing business with the U.S., the law in China has never considered the U.S .company’s interest. It pushes Chinese law to change to consider more about the opposite sides benefits. In the last part, the essay analyses to the manufacturing industry in the trade war environment in China. Demonstrate that the price would rise, the global policy should be changed in China , the skills which need to be improved would be limited and the innovation would be effected.

The Impact of the Sino-US Trade War on Manufacturing Industry in Both Countries

The Sino-U.S. trade war created multiple impacts on different fields for both states. Most people would agree with the statement that people's lives became worse, many firms had to close down, the conflict between states increased, and the trend of globalization was reversed. In this research, the paper mainly discusses the impact of the Sino-US trade war, and it is hypothesized that the trade war has negative consequences on both sides. Specifically, both the manufacturing industry in the U.S. and China decreased in size, and China tried to be more innovative to compensate for it; new policies and tariffs that put on the trade between China and the U.S. decreased the exchange of consuming product; the introduction of foreign investment also declined in the manufacturing industries of both sides. The research could enable people to understand the current economic status clearly and allow related companies and the consumers to make plans for future policy.

The Analysis of the Decoupling between China and the United States

Since the 2018 Sino US trade war, decoupling from China has gradually become an important policy orientation of the US towards China. Starting from reducing the linkage between the two countries' economic relations, the scope of this policy has now extended far beyond the economic and trade fields, to areas such as technology, the internet, society, and even global governance. From an economic perspective, this article analyzes the respective impacts of the gradual decoupling between China and the United States, and points out that the continued development of both countries requires joint exploration of a better path of harmonious and sustainable development.

The Sino-US Trade Conflicts Impact on Semiconductor Stock Index: Chinas Case

On march 22, 2018, U.S. president trump signed a trade memorandum with China at the White House and restricted Chinese companies investment and acquisitions in the united states. The Sino-US trade war officially started. This trade war lasted for more than a year. China has imposed tariffs on each other six times, which has had a great impact on many fields. This paper background is at the point in time when the Sino-US trade war has just ended. The purpose and content of this paper is related impact of the China and US trade war on my countrys semiconductor industry. This article used to analyze the impact of the trade war through the previous data area, and this paper will use the previous data to predict the future semiconductor trend through the ARIMA model (with the Sino-US trade war as the node), and predict that the Sino-US trade war will have little impact on the daily, some impact on the weekly, and a great on the monthly. Based on our results, people can speculate that from a long-terms perspective, and choose to invest in the semiconductor industry.

The Influence of Sino-US Trade War on Chinese Students Studying in the United States

China has promulgated a series of policies on trade, immigration, and culture, which will undoubtedly greatly impact Chinese students preparing to study in the United States. This paper focuses on the influence of American policies and a series of chain reactions on Chinese students studying in the United States since the Sino-US trade war in 2018. It analyzes the factors that affect Chinese students decision to study in the United States. This paper conducted a quantitative study by issuing online questionnaires, and 323 valid questionnaires were received. The basic information, educational experience, and factors affecting the respondents going to the United States were investigated, and a series of statistical methods were applied to analyze them. Finally, the following conclusion is drawn: the Sino-US trade war greatly influences Chinese students decision on whether to go to the United States, mainly including the influence of visa and professional restrictions. The factors that affect Chinese students decision to study abroad are family and policy factors, teacher factors, and intermediary factors.

Impact of the Sino-US Trade War on Factor Endowment in the China's GBA: A Theoretical Analysis from the Perspective of Factor Endowment Theory

Since the Sino-US trade war began in 2018, the two countries and other trading partners have been greatly affected. China's regional economic development has been affected by trade barriers, among which the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is more serious. On the premise that factor endowments determine trade has been proven, this study puts forward the potential impact mechanism of trade on regional factor endowments and takes GBA as an example for theoretical analysis based on factor endowment theory. The results show that due to the decrease in GBA export demand, the labor endowment will decline, the capital endowment will change oppositely to the labor due to the substitution effect and innovation pressure, and the land endowment will decline steadily. However, the movement of factors of production is limited by trade deflection and the restrictive policy. Future mathematical induction based on Heckscher-Ohlin model is needed to prove the results, and the corresponding empirical analysis will verify the relevance and implication.

Development of the Petroleum Trading System and Countermeasures under the Trade Friction Between China and the US

Since 2018, the trade relationship between China and the United States has gradually become tense. Under these circumstances, China has been impacted from many aspects. As one of the world's largest importers of crude oil, the impact of Sino-US trade friction on Chinas oil trade cannot be ignored. This thesis discusses the impact of Sino-US trade friction on China's oil trade system and analyzes the impact on oil trade after the outbreak of the Sino-US trade war, as well as the dilemma and countermeasure analysis brought by the trade war. This thesis begins with the background and causes of the trade friction between China and the United States. Through overviewing the development of China's petroleum trade system, this paper explores the impact of the U.S.-China trade friction on China's oil trading system, the dilemmas posed by the trade war, and proposes countermeasures. These experiences and suggestions have certain guiding significance for promoting the reform and development of China's oil trade system.

Impact of the Sino-US Trade War on Factor Endowment in the Guangdong-Hong Kong-Macao Greater Bay Area: A Perspective from Factor Endowment Theory

This study chooses the Guangdong-Hong Kong-Macao Greater Bay Area as the research object to explore the impact of Sino-US trade barriers on the factor endowment of the region. Based on the factor endowment theory, this paper proposes a hypothesis, tests collinearity, and establishes a multiple linear regression model. The results show that the trade barriers between China and the U.S. cannot explain the changes in GBA's factor endowments since the fitting degree is low. The correlation test shows the substitution effect between factor endowments. Based on the data analysis results, Sino-US trade barriers did not affect the factor endowment of the GBA. The possible reasons are the trade deflection and the policy that restrict factor mobility.

China-US Trade War and the Dispute Settlement Mechanism of the WTO

This paper studies the hegemonism of the WTO dispute settlement mechanism and the severe damage to the free trade system exposed by the Sino-US trade war. The agency faces several problems. First, the WTO currently covers a wide range of areas, which makes it challenging to coordinate the interests of member states. Second, the WTO has adopted a decision-making mechanism by consensus. As long as no member objects, corresponding decisions can be adopted. From the historical development process of the decision-making mechanism, it is the first time that the consensus decision-making mechanism considers all members opinions in the decision-making process and tries to make overall considerations. Still, the consensus decision-making mechanism does not stipulate voting or specific decision-making rules. In addition, the paper proposes several potential solutions to modify the dispute settlement mechanism.

Analysis of the Causes for the Sino-US Trade War

In 2018, the US government launched a trade war against China, and later it became a tit-for-tat competition between these two economies. It brought more uncertainties and challenges to bilateral and global trade. The economic conflict was a long-term issue between the two countries, while the Section 301 investigations provided rationales for the Trump administration to launch the trade war. This paper aims to reveal the reasons that contributed to the Sino-US trade war in order to better understand the whole economic conflict. There are some data collected by the US government and some official organizations are used in this paper to introduce the background. The writer mainly uses the literature analysis to discuss the possibilities that cause the trade war and applies one theory the Hegemonic Stability Theory to analyze the situation. At last, different perspectives of the deep-seated causes were applied to understand the trade war. This paper discovers that the trade war between the two countries was not only caused by economic conflicts, but also technological disputes, and other deep-seated issues, including national security and political concerns. All these causes should be addressed to understand and smooth the tensions.