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Abstract: |
There are many explanations for the imbalance of China-US bilateral trade, which can be divided into two categories, statistical methodology and economic and trade policy theory. This article emphasizes the economic and trade policy theory, that is to say, we analyze the factors in China-US trade imbalance from the aspect of its own economic behavior. According to the empirical analysis of this paper, the analysis on the total volume of China-US trade imbalance showed that industrial transfer of Southeast Asia, the American direct investment in China, the situation of high saving rate in China are the main factors that affect China-US trade imbalance. The sector-level analysis on China-US trade imbalance revealed that American saving rate is an additional factor. Therefore, the generation and expansion of the China-US trade imbalance are affected by the trends of world economic development, the macroeconomic situation in China and in the United States. And China can not solve this problem unilaterally.
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