Study On The Causes And Measures On The Sino-US Trade Friction After Financial Crisis

The Sino-US economic and trade relations has been growing rapidly since China and US established formal diplomatic relations in1979, along with the fast development of China’s economy as a result of the reform and opening-up policy and the recovery of the U.S. economy. Sino-US economic and trade relations has become one of the world’s most rapidly developed and the most important bilateral economic and trade relations. Now China and the United States are the second largest trading partners to each other; the United States is China’s second largest export market and the sixth largest source of imports and China is the third largest export market for the United States and the primary source of imports. China and the United States have got trade friction since the1980s. But after the financial crisis, Sino-US trade friction demonstrates new features, no matter on depth or on breadth, which indicates that the Sino-US trade friction has entered a new stage. So the exploration of the financial crisis causes and countermeasures is import to resolve the Sino-US trade friction effectively.This paper aims to propose appropriate countermeasures which are helpful on easing the tense situation of Sino-US trade friction, keeping good economic and political relations with US, creating a good image of our country and bringing inspiration for China’s response to trade frictions with other countries.As to study methods, this paper uses inductive analysis and data analysis, and combines theory with reality. It explores the current situation, characteristics and development trend of Sino-US trade friction, then analyzes the causes and puts forward corresponding countermeasures. This paper is divided into four parts. It starts from the definition of trade friction, and states the international trade friction theories in microscopic and macroscopic view. Next part is to show the status of Sino-US trade friction then summarizes the characteristics and forecasts the development trend. The third part shows the main reasons of Sino-US trade friction from three aspects. The last part is to bring up countermeasures to solve this problem.Through research, it concludes that Sino-US trade friction is due mainly to following reasons:China’s export commodity structure has defects; Chinese trade relies too much on the US; slow development of the U.S. economy after the crisis; the United States wants to curb the rise of China; Sino-US trade imbalance; rising protectionism in global trade and so on. Conclusion on measures is:the Chinese government should speed up upgrading of industrial structure, strengthen intellectual property protection, and implement the export market diversification strategy; the industry associations should improve industry management and public relations capacity; China’s enterprises should actively respond to the suits, strengthen independent innovation, and implement foreign investment to overcome the trade barriers.Innovation of this paper is the element of "post-crisis era". The research of Sino-US trade friction is conducted in the post-crisis era background, which is fresh in this study field and has strong characteristics of the times and timeliness. Besides, this paper proposes countermeasures from three aspects as government, industry associations and enterprises, which is also not common.Drawback of this paper is the lack of diversity in research methods. Inductive analysis and data analysis are the mainly methods, but empirical analysis is insufficient.