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iBusiness, 2012, 4, 43-50 43 /10.4236/ib.2012.41006 Published Online March 2012 (http://www.SciRP.org/journal/ib) Rethinking the China-US Balance of Trade: 1990-2005 Xiaoping Xu Department of International Trade, School of Economics, Huazhong University of Science Technology, Wuhan, China. Email: jackxu@ Received December 23rd, 2011; revised January 28th, 2012; accepted February 14th, 2012 ABSTRACT Since 1993, American trade deficit with China is expanding and the gap is becoming increasingly bigger. The widening bilateral trade imbalance has caused growing concerns. This paper, by using empirical method and adjusting the data of trade from 1989 to 2005, finds that the causes of the imbalance of China-US trade are as follows: 1) the imbalance of domestic demands of US; 2) the adjustment of American economic structure and 3) the growing of multinational enter- prises. The paper also finds that the imbalance of China-US trade is not as big as it was reported by US; the imbalance of China-US trade is an inevitable result of economic development, and the trade deficit does not necessarily mean a loss of profit. In fact, American investors and consumers have greatly benefited from China-US trade. Keywords: China-US Trade Imbalance; Adjustment; Conversion; HK Transit Trade; Economic Factors 1. Introduction balance between China and US. Theses articles cover the following aspects of the issue, namely, the analysis of the Since China’s government adopted economic reforms and causes of the trade balance between China and US, the opening policy to the outside world in 1978, the bilateral