TITLE:
The Impacts of Sino-US Trade on China’s Economic Growth
AUTHORS:
Hao Xie
KEYWORDS:
China, The United States, Economic Growth
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.4 No.6,
June
26,
2014
ABSTRACT: China has witnessed
many exciting changes after the Chinese government adopted reform and opening-up
policy in 1978. In this process, the United States has a positive influence on
China’s economic growth. Traditional view thinks that the influence of exports
on China's GDP growth is greater than imports, but the result of regression
analysis shows that imports have a greater impact on China’s GDP growth rather
than the exports. Based on the statistics from 1998-2007, China’s GDP will increase
by 0.455% if the volume of China’s exports to US increases by 1% while China’s
GDP will increase by 0.825% if the volume of China’s imports from US increases by
1%.