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Analysis on the International Trade Between China and America 1.docx
Analysis on the International Trade Between China and America
ACCOUNTING CLASS 111 ZHANG WENLI 2011091217
As Chinas second largest trading partner, The United States occupies a pivotal position in Chinas foreign trade. After the 2008 financial crisis, China and the United States often have trade friction, China-US trade has become a hot topic of the global economy. This paper analyzed the two countries in trade situation between 2008-2012, and to illustrate trade relations between the two countries in a trade theory.
The trade situation between the two countries from 2008 to 2012 is as follows:
First, the amount of Sino-US trade balance
Source: Ministry of Commerce of Peoples Republic of China Country Report Network
We can see from Figure 1-1: 2005 to 2012 the overall Sino-US trade volume rendering high rate of growth, bilateral trade increased from $ 285.3 billion in 2005, increased to $ 536.234 billion in 2012, an increase of 88 %, showing that the fast pace of development in bilateral trade, but also reflects the increasingly close Sino-US economic and trade relations. But that is a partial year 2008-2009, 2010-2012 Sino-US bilateral trade volume shows a decreasing trend.
2008 to 2009 led to the Sino-US bilateral trade volume decrease is mainly due to: an impact since August 2007 in the growing U.S. subprime mortgage crisis, the Sino-US economic impact to some extent received, especially the U.S. adversely affected the economy resulted in a greater degree of demand for Chinese goods imports significantly reduced. Second, the United States government to stimulate economic recovery took some protectionist tendencies of foreign trade policy, leading to a decrease in the amount of bilateral trade. According to statistics, in 2009, the United States and China launched 29 cases of various types of trade remedy investigations, involving China exported $ 7.6 billion of products, the number of cases increased by 53 percent, the amount increased 8-fold, respectively, of
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