The Difficulties Of The U.S. Economic Development And Its Impact On Sino-US Economic Trade Relations

There are close economic and trade relations between the leader of the developedcountries, the world’s largest economies and the first largest import country-US and theworld’s second-largest economy, merchandise exports, the world’s first largest developingcountries–China. As the most important bilateral relations in the world, there are hugeimpact on the development of world economy and trade. The2008economic crisis in the U.S.damaged economy, as well as the world’s economic. China is the largest trading partner ofUnited States, the impact should not be ignored. After years of efforts, the recovery of the U.S.economic is still facing difficulties.This article focused on the changes of dollar’s status, high unemployment, the continuingimpact of the economic crisis and difficulties of quickly restore the consumer confidence toexpress the difficulties faced by the U.S. economic recovery and analyzed the impact of thesefactors on Sino-US economic and trade relations. As U.S.’s largest creditor, china’s massiveforeign exchange reserves have suffered huge losses in the dollar exchange rate changes. Inorder to avoid suffering a greater loss, China had to help the U.S. to try to maintain thestability of the dollar. the U.S. government is unable to solve the problem of highunemployment as soon as possible, which had to take actions from the external environment,promote trade protectionism, the gradual rise of the Sino-US trade friction exacerbate themake negative impact to the Sino-US economic and trade relations; economic crisis hit theU.S. economy heavily, its sustainable impact directly led to the decline of U.S. investment inChina, but also indirectly bring opportunities for China to invest in the United States; U.S.consumer confidence is a direct impact on U.S. consumer spending, thereby affecting theeconomic development trend and the U.S. government’s policy to bring uncertainties to thedevelopment of Sino-US economic and trade relations. economic situation in the UnitedStates Brought uncertainty to the present stage of China-US economic and trade relations,and also brought challenges and opportunities.At last, this paper put forward to some proposals, such as strengthening cooperation andtrade relations with countries in the world, weakening the importance of dollar in the foreignexchange reserves. Establishing a stable exchange rate mechanism to speed up the processof RMB internationalization. Encouraging Chinese enterprises to actively respond, guidanceand advocacy to avoid Sino-US trade friction, improving the capabilities of China’s foreigntrade enterprises to solve trade friction, and actively respond to trade friction between Chinaand the United States. there is still much room for growth in the New areas of energy andenvironment cooperation with the United States, China has the implementation of the strategy of sustainable development and the experience gained with the advantages of technology,talent, and to make a new Sino-US economic road, so that the Sino-US economic and traderelations would enter a new stage.