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The Development of U.S.-China Trade and the Result of Conflict
2018-06-05 14:02:00

The Development of U.S.-China Trade and the Result of Conflict
Ma Tao

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The very success of globalization has flourished since World War II. The benefits of economic globalization are not evenly distributed among countries, especially among different groups within a country. Before the financial crisis in 2008, as the major promotors of globalization, developed countries intensified their internal contradictions. So populism, protectionism and isolationism are rising in many developed countries, which are the main features of anti-globalization.

Brexit happened against the polls in 2016, in large part, because of the migrant crisis tipping the British towards protection of its borders. In the beginning of his presidency, Donald Trump declared to withdraw from TPP, build Mexican border wall, renegotiate NAFTA and so on. Trump’s protectionism policies may be gradually implemented in 2017. Going on like these, the tide of anti-globalization may be further strengthened in the future.

Chapter 1 High interdependence of U.S.-China economies

U.S.-China economy developed smoothly in the past decades, especially after China entering WTO. According to the existing data, China’s exports to the U.S. began to fall in 2016 for the first time since the height of the global financial crisis. Chinese direct investment in U.S. increased to 8 billion dollars in 2015. In the future, U.S.-China trade and economy may be affected significantly by American trade policies.

I. Bilateral trade development between U.S. and China
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II. Foreign direct investment between China and U.S.
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III. Employment opportunities created between China and U.S.
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