Research on Sino-US Trade Friction Problem

Abstract

The Sino-US trade has significantly progressed since the diplomatic relations were established between the People’s Republic of China and the United States of America. Nevertheless, as the rapid development of the economy of China over the years, more trade conflicts between the two countries are standing out. In particular, the economy of the US is at a low ebb as a result of the sub-prime crisis. Therefore, new characteristics emerge in the Sino-US trade conflicts. Under such circumstances, how will the government and the enterprises react? The essay hereof gives special analysis on the new characteristics in Sino-US trade conflicts, and puts forward reasonable suggestions on how to deal with the conflicts. As the world's largest developing country and largest developed country, China and the United States are both important trade and investment partner, which plays an important role to the economic globalization and trade liberalization process, so the economic and trade relations between the two countries have been impressive. After the normalization of Sino-US relations, trade relations between the two countries have come into a period of rapid development. With the growth of international trade, the trade friction between the two countries are developing continuously and steadily.