Research Of The Influence Of Different Saving Rate On The China-U.S. Economic Imbalances

The huge difference of saving rate is underlying factor of economic imbalances and trade frictions between China and U.S., it is not only important factor that affects the sustained and healthy development of Sino-US economy, but also the influence of correcting global economic imbalances is not should be ignored. Studying the difference of saving rate between China and U.S. and its impact on Sino-US economic relations deeply, helps understand correctly the substance and development trend of bilateral economic and trade relations from a macroeconomic and strategic level, also explore the way of handling the relationship between accumulation and consumption correctly and expanding domestic demand markets.Savings is the rest after output or income used for consumption. Of savings problems, usually uses concepts of national savings that includes government savings, corporate savings and household savings. In this paper, starting from the difference of saving rate between China and U.S., deeply analyzed the reasons of the difference. In the basis of deep analysis of world economic imbalances and the international financial crisis relationship, analyzed the overall influence of Sino-US saving rate differences on the Sino-US economic relations.Meanwhile, determined the specific ways of impact, means and extent in the two channels of trade and investment. Finally, proposed specific ways and means,which respond difference of saving rate between China and U.S., correct global economic imbalances and prevent the second harassment of international financial crisis.This paper includes 7 chapters. Chapter 1 is Introduction, which explaine mainly the background, structure and literature review of this paper, and analyzed innovation and inadequate of article. Chapter 2 mainly involves the overview of relevant theories, including savings theory, the theory of economic imbalances and financial crisis theories. Chapter 3 is analysis of the difference of saving rate between China and U.S. and its causes, and comprehensively analyzed the performance of saving rate differences between China and U.S, and proposed the reasons that lead to differences in the culture, economy, institution, demographic structure, currency position and so on. Chapter 4 analyzes the specific impact of saving rate differences on the Sino-US economic relations, covering the history and current situation of the trade and capital Hows between China and U.S, meanwhile discusses the positive and negative impacts of Sino-US trade relations. Chapter 5 is the overall impact of saving rate differences on the Sino-US trade relations, and proves that the huge difference of saving rate is underlying factor of economic imbalances and trade frictions between China and U.S.. Chapter 6 is the impact of savings rate difference on the world economy. It analyzes that Sino-US saving rate differences is the important reason that leads to global economic imbalances and the internal relations and mechanism of action between international financial crisis and global economic imbalances. This chapter reveals differences in saving rate between China and U.S. to the global economic imbalances and then to Conduction-proliferation regime of international financial crisis. Chapter 7 is Interactive adjustment between saving rate difference and the Sino-US economic relationship. This chapter proposes the responsible party of the Sino-US trade relations, and summarizes major measures and methods that resolve the imbalance of the Sino-US trade relationships.The main innovation of this paper has the following two aspects:Firstly, different from previous studies, this paper Combines with the Sino-US economic reality,Bases on the difference of saving rate between China and U.S., discusses the positive and negative impacts of the Sino-US trade relations;Secondly,this paper proposes the combination suggestions of Sino-US economic imbalances.The main shortage of this paper also has the following two aspects:Firstly,the influencing factors of the difference of saving rate between China and U.S. are so many,and some of the data is unavailable,some of the data can not be all year,that we can not use the unified standard;Secondly,lots of raw data is needed,and the data is from different yearbook, which in the particular year maybe adjusted,some mistake is not ignored.However,we do the best to improve the quality with authoritative data.