Research On Transmission Path Of Sino-US Unbalanced Economy

In the global context of economic integration, China's economy with the world economy moreclosely linked. Foreign economic influence on China's economy has become increasingly evident. Aswe all know, the United States is the world's largest economy and is also China's leading economicpartner. The U.S. economic growth on China's economic development has an important role. WithChina's continuous economic development, China is a step toward the center of the world economicstage.This paper selects China and the United States as research objects. It starts with the theoreticallayer analysis of the Sino-US economic unbalanced performance and the reasons and then analyzes themain paths of the Sino-US bilateral economic and non-equilibrium conduction process. The resultsshow that China and the U.S. economy through trade, direct investment and other paths exists along-term non-equilibrium conduction.Next, use the latest data on the basis of the natural logarithmic law to establish trade, directinvestment path VAR model. It is obtained by the impulse response function and variancedecomposition. Compared to China's economic response to the conduction of the U.S. economy, the U.S.economy on the Chinese economy the conductivity response is particularly prominent. From theshort-term dynamic effects of the U.S. economy needs at least a year's time to trade conduction whilethe import trade conducted on the Chinese economy. At the same time, whether U.S or China directinvestment has brought a positive role in promoting the host country's economy. Even if the directinvestment of China to the United States on China's economy is not obvious, it also brings a good effectto achieve a win-win situation.With the conclusion of this article, China should actively promote Sino-US cooperation and thetransformation of economic growth path, adjust completely trade policy, accelerate the development offoreign direct investment, promote the financial sector exchange and also want through the expansion ofdomestic demand and improve the ability of the residents' consumption of the nation. Only throughthese ways could China economic development weaken U.S. economic impact.