mttpМеждународная торговля и торговая политикаInternational Trade and Trade Policy2410-73952414-4649ФГБОУ ВО "Российский экономический университет им. Г.В. Плеханова"10.21686/2410-7395-2020-3-39-57mttp-388Research ArticleМИРОВАЯ ЭКОНОМИКА И МЕЖДУНАРОДНЫЕ ЭКОНОМИЧЕСКИЕ ОТНОШЕНИЯWORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONSМАКРОЭКОНОМИЧЕСКИЕ ФАКТОРЫ ДИСБАЛАНСА КИТАЙСКО-АМЕРИКАНСКОЙ ТОРГОВЛИMACRO-ECONOMIC FACTORS OF SINO-US TRADE IMBALANCETШиЦ.ShiJi.

Цзяньдун Ши, докторант школы общественных наук

Венгрия, 1083, Будапешт, пл. Людовика, д. 2

Jiandong Shi, PhD student in Economics, PhD student of the Doctoral School of Public Administration Sciences

2 Ludovika Square, Budapest, 1083, Hungary

shijiandong1101@qq.comНациональный университет государственной службыВенгрияNational University of Public Service BudapestHungary202029092020033957Copyright © Ши Ц., 20202020Ши Ц.Shi J.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://mttp.rea.ru/jour/article/view/388

Китай – одна из развивающихся стран с наиболее быстрыми темпами роста, а США – развитая страна с наибольшей экономической мощью. Экономическое развитие двух государств стало движущей силой роста мировой экономики. Быстро развивающаяся двусторонняя торговля Китая и США является важной составной частью мировой торговли, поэтому проблема дисбаланса торговли между Китаем и США вызывает большую озабоченность правительств и академических кругов двух стран, особенно после вступления Китая в ВТО. В данной статье проанализировановлияние макроэкономических факторов – сбережений и обменного курса – на дефицит торгового баланса между Китаем и США. Заниженный обменный курс может удерживать относительно низкие цены на продукцию китайского производства, в то время как растущий внутренний спрос в США предоставляет Китаю широкий спектр возможностей на внешнем рынке. В статье показано, что разница в нормах сбережений между двумя странами является важным макроэкономическим катализатором продолжения роста положительного сальдо торгового баланса Китая с Соединенными Штатами в международной торговле. Обменный курс юаня тоже является существенным фактором, но не основополагающим.

China is one of the developing countries with the most rapid development and the U.S. is de-veloped country with the strongest economic strength, economic development of the two coun-tries has become main impetus of the world economic growth. Sino-US bilateral trade has be-come the most important constituent part of global trade. With the rapid development of Sino-US bilateral trade, trade imbalance also lead great concern of the two governments and academic circles, especially after China entered into WTO, the problem of Sino-US trade imbalance be-come even more serious. This paper mainly analyzes the influence of macroeconomic factors on China-US trade deficit, as economists generally believe that savings and exchange rates are closely related to trade balance. Undervalued exchange rate can keep relatively low prices for products made in China, while the booming domestic demand in the United States provides China with a wide variety of external market opportunities. This paper points out that difference in saving rates between the two countries is an important macroeconomic reason for the contin-ued growth of China’s trade surplus with the United States in international trade. The RMB exchange rate is an influencing factor, but not a fundamental one.

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The authors declare that there are no conflicts of interest present.