Table 1 trade between china and us from 2008 to

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Table 1 Trade Between China and US From 2008 To 2017(100 million U.S. dollars) Years Total Trade China Export To US China Import To US Trade balance 2008 3344.3 2528.44 815.86 1712.58 2009 2990.5 2212.95 777.55 1435.4 2010 3865.14 2837.8 1027.34 1810.46 2011 4481.35 3250.11 1231.24 2018.87 2012 4872.04 3534.38 1337.66 2197.02 2013 5224.59 3690.64 1533.95 2156.69 2014 5571.64 3970.99 1600.65 2370.34 2015 5586.72 4099.79 1486.93 2612.86 2016 5207.98 3856.78 1351.20 2505.58 2017 5837 4298 1539 2758 4. The Effect of Trade War 4.1 The Effect To US . Since China is the second largest country in the world and the American largest cargo trading partner,U.S. unilateral policy will lead to hurting the benefit of its residents and companies,who may have to sustain higher price goods or raw materials.It will increase residents’ cost of living as well as companies’ cost of production,which is harmful to US economic development in the end. 4.2 The Effect To China . China is a big country in economy and trade.In 2017, China's exports to the United States were US$429.8 billion,while imports from the United States were US$153.9 billion.The trade surplus between China and the US is as high as 275.8 billion U.S. dollars. Sino-US trade war will have a negative influence on Chinese economic development to some extend,as US is the Chinese biggest export market.But it will not change the trend of Chinese economic growth.First,the proportion of China's exports to the United States to China’s GDP is not high,no more than 4%.Second,with the implementation of “One Belt One Road”,China has built up trade connection with many developing countries and exploited emerging markets,which replaces US market a lot.Third,China has put forward “Made in China” and advocated innovation in recent years.China’s economic dependence on US has decreased. 4.3 The Effect To Other Countries . 424 Advances in Social Science, Education and Humanities Research (ASSEHR), volume 206
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