Research on the Trade Imbalance between China and the United States

Department of School of Economics and Management, North China University of Technology, Beijing, China

^* Corresponding author: xyw@ncut.edu.cn

Abstract

This paper analyzes the phenomenon of RMB depreciation on the basis of trade inequality between China and the United States. It is concluded that the causes of the trade imbalance between China and the United States are mainly related to the transfer of the global industrial chain, the highly complementary trade structure of China and the United States, the international dollar credit standard, etc. This paper puts forward some suggestions and measures to solve the pressure of RMB exchange rate and Sino-US trade imbalance. This paper argues that China should actively promote the internationalization of RMB and improve the formation mechanism of RMB exchange rate. In addition, China should promote the deep integration of the Chinese market into the global market and accelerate industrial innovation and upgrading. It also recommends the cultivation of foreign-related economic and rule of law talents to promote the easing of the relationship between the two sides and the common economic growth.