The History of Sino-US Trade

Abstract

This research analyzes the overall situation of the development of the Sino-US trade. First, the evolution process of Sino-US trade relations is sorted out and divided into four stages: Sino-US trade review from the Qing Dynasty to the Second World War, Sino-US trade review from the Second World War to the establishment of the People's Republic of China, Sino-US trade review from the establishment of the People's Republic of China to the establishment of Sino-US diplomatic relations, the development and change of Sino- US trade after the establishment of Sino-US diplomatic relations. Second, from the perspective of total trade volume, China's trade surplus with the U.S has been constantly increasing, which indicates that Chinese exports are increasingly dependent on the American market, and aggravates the asymmetry of Sino-US trade relations. The asymmetry of Sino-US trade relations has also brought great uncertainty and risk to the development of China's economy and foreign trade. Finally, the trade imbalance between China and the U.S. is the major obstacle to the development of Sino-U.S. trade relations as well as the direct cause of Sino-US trade war.