Sino-US Trade Imbalance and Sino-US Economic Gap
DOI:
https://doi.org/10.21637/GT.2020.1.01Kulcsszavak:
Sino-US trade, trade benefits, economic gapAbsztrakt
Since the Sino-US trade imbalance is regarded as the core content of the global economic imbalance, it has always been controversial and caused frequent bilateral trade disputes and frictions. Superficially it seems that China has gained tremendous trade benefits from China's huge surplus with the United States, which is also a significant cause for China's rapid economic growth. However, from the results of other scholars, it does not seem to be this. Actually, China is at a disadvantage in the distribution of trade benefits, which makes the economic gap between China and the United States widening. This paper aims to explain this phenomenon by judging the distribution of trade benefits from the overall impact of trade on a country's economy.
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