Sino-American Textile Trade Balance and Trade Friction

Abstract

In recent years, there has been severe unbalance in Sino-American trade. China has remained trade surplus of large volume to America, especially in textile products trade, so America has a lot of trade friction with China. This article collects information of unbalanced condition in Sino-American Textile trade, analyzes the reasons for this kind of trade friction, and proposes an opinion that China has to modify the policy of developing country by foreign trade to realize trade balance of textile products.

The Role of High-end Manufacturing in Sino US Trade Friction

“…Multinational companies represented by apple of the United States use the global value chain strategy to outsource the manufacturing and assembly of products to contract processors, while they focus on product design, promotion and sales. This mode of trade is different from traditional trade, and current trade statistics cannot track this new trade activity [2].…”