Empirical study on the influence of Sino-US trade friction on regional economy(PDF)
《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2019年06期
- Page:
- 16-28
- Research Field:
- 国际经济与贸易
- Publishing date:
Info
- Title:
- Empirical study on the influence of Sino-US trade friction on regional economy
- Author(s):
- Research Group of Policy Research Center of Chengdu Municipal Committee of CPC
- Chengdu Municipal Committee of CPC，Policy Research Center，Chengdu 610041，Sichuan，China
- Keywords:
- international trade; Sino-UStrade friction; Chengdu; tariff; free trade area; processing trade; service trade; high-quality development; expand domestic demand
- PACS:
- F125;F752;F127
- DOI:
- -
- Abstract:
- The growing friction between China and the United States will have a far-reachingimpact on actively expanding and opening up the regional economy. Based on the summary of the specific industries involved in the “50+200” billion US dollars tariff policy announced by the United States,this article explores and analyzes the overall regional economy status and corresponding advantageous industries with the center of Chengdu,and studies and determines the possible impacts onthe economy and various industries ofChengdu as well astheir future development trend bythe SinoUS trade frictionin 2018. This paper believes that the direct cause of the Sino-US trade friction lies in trade imbalances. The fundamental cause is that the United States aims to hinder China’s continued progress. Therefore, trade frictions will exist for the longterm and will be concentrated in the middle and highend industries in the future. Trade frictions have a limited impact on the overall economic situation of Chengdu. They will cause some advantageous industries in Chengdu to suffer economically in the short term, but will become the external thrust of corporate independent innovation in the long run. Chengdu should drive the enterprises to gradually promote product branding and enhance the quality of trade products; increase its input in science and technology and utilize innovation to boost the development of processing trade; optimize the trade structure and develop the high-end manufacturing industry; fully make use of the policy advantages of the free trade areas, enhance the added value of services in the commodity trade, and support key enterprises to open up new markets.
Last Update: 2020-01-06