The United States On China's Terms Of Trade Impact

International trade as an international cooperation and trade, is the result of its trade interests. In the traditional international trade theory, the terms of trade is considered to measure a country's trade interests was an important indicator.This article introduces the chapter on the major terms of trade theory and empirical research, as well as the development of Sino-US trade relations. The second chapter is open to the new macroeconomic theory and the basic model to introduce to do. Open sectionâ… introduce the new development economics theory, Sectionâ…¡of the new open macroeconomics of the basic model.Chapterâ…¢introduces the price terms of trade of China's Sino-US trade, as well as a general. In the first section introduces the definition of the terms of trade, terms of trade can be divided into price terms of trade, the income terms of trade and factor terms of trade. Sectionâ…¡of our prices to be an overview of the terms of trade, our country's terms of trade prices in 95 years after the trend has gradually deteriorated.Chapter IV is divided into three sections, sectionâ… , the main NOEM on the new terms of trade model, the impact of terms of trade factors, including the real effective exchange rate, domestic non-tradable goods prices and foreign non-tradable goods prices three factors. The main use of the model of Sectionâ…¡of our first quarter 1995 to second quarter 2008 data from the empirical analysis. The results show that the exchange rate and domestic non-tradable goods prices, as well as the United States, the price of non-tradable goods prices in China have affected the terms of trade.Chapter V in the basis of Chapter IV of the United States on China's terms of trade impact of price factors in order to further supplement. Sectionâ… introduced the price the United States on China's terms of trade analysis of the impact of other factors. Sectionâ…¡describes the U.S. financial crisis impact on China, including an overview of the financial crisis in the United States, the United States financial crisis on the impact of China's exchange rate, the U.S. financial crisis impact on China's imports and exports, and finally the U.S. financial crisis on China's terms of trade prices impact.In this paper, the logic of arrangement:First of all, is a summary of the terms of trade studies, and then on the new open macroeconomics and its basic theory; followed by the changes in China's terms of trade and trade relations between China and the United States; the third is based on the new open macroeconomics build a theoretical model, and then propose an empirical analysis; the fourth is to analyze the results of empirical analysis and perspectives from the United States on China's terms of trade effects of the other supplementary; the fifth part of policy recommendations. Logical analysis is to abstract from the concrete from the abstract to the concrete.