China-US Trade Balance under the Ownership-based Statistical System  

作　　者：林玲 葛明 赵素萍 

机构地区：[1]School of Economics and Management,Wuhan University [2]School of International Business,Sichuan International Studies University

出　　处：《China Economist》2014年第6期101-112,共12页中国经济学人（英文版）

摘　　要：In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the basis of survey of literature studies,this paper has created a three-country model of bilateral trade based on ownership principle and demonstrated that ownership-based statistical system under this model can reflect bilateral trade volume and balance more objectively,truthfully and comprehensively.In addition to theoretical demonstration,this paper has revaluated China-US trade balance using ownership-based statistical methodology and the result indicates that the existing statistical system of trade severely overestimates the real level of China-US trade balance and FDI in China is a major reason behind increasing China-US trade surplus.In the context of economic globalization, territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms. On the basis of survey of literature studies, this paper has created a three-country model of bilateral trade based on ownership principle and demonstrated that ownership-based statistical system under this model can reflect bilateral trade volume and balance more objectively, truthfully and comprehensively. In addition to theoretical demonstration, this paper has revaluated China-US trade balance using ownership-based statistical methodology and the result indicates that the existing statistical system of trade severely overestimates the real level of China-US trade balance and FDI in China is a major reason behind increasing China-US trade surplus.

关 键 词：ownership-based principle territory-based principle trade balance 

分 类 号：F752[经济管理—国际贸易] F757.12[经济管理—产业经济]