During geopolitical crises,the price stability of agricultural commodities is critical for national security.Understanding the dynamics of pricing power between the U.S.and China and how it varies over time can help s...During geopolitical crises,the price stability of agricultural commodities is critical for national security.Understanding the dynamics of pricing power between the U.S.and China and how it varies over time can help smaller nations navigate unpredictable moments.This study uses a unified framework and wavelet approach to examine soybean price discovery in the U.S.and China from the standpoints of price interdependence and information flows.We begin by illustrating the integrated link between the soybean futures markets in the U.S.and China,which includes multiple structural breaks.The pricing difference between the two nations acts as the primary information spillover route for their integrated relationship.Furthermore,we show that the direction and degree of information spillover change dramatically in proportion to the strength of the U.S.–Chinese soybean interaction.Finally,we find that China’s recent retaliatory tax on the U.S.soybeans gave the Chinese market a more powerful position in soybean futures price discovery.After the first-stage trade deal was reached,and during the epidemic phase of the coronavirus pandemic,the pricing power of the U.S.soybean market showed no signs of full recovery.展开更多
Under the background of Sino-US trade friction,soybean,as an important variety in the important and export trade of agricultural products,has become a key bargaining chip. After the Ministry of Commerce of China annou...Under the background of Sino-US trade friction,soybean,as an important variety in the important and export trade of agricultural products,has become a key bargaining chip. After the Ministry of Commerce of China announced the counter list of agricultural products including soybean,the price fluctuations of domestic soybean and related agricultural products are rapidly expanding. Under the background of SinoUS trade friction,taking the soybean-producing areas in Heilongjiang as an example,the impact of Sino-US trade friction on the important and export pattern of soybean in Heilongjiang was explored to provide a certain theoretical basis for the development of soybean industry in Heilongjiang.展开更多
China has a large population, so the supply of agricultural products is very essential, and agricultural trade plays an important role. According to the data from the United Nations’ commodity trade, the rate of agri...China has a large population, so the supply of agricultural products is very essential, and agricultural trade plays an important role. According to the data from the United Nations’ commodity trade, the rate of agricultural products trade development between China and the United States is declining since 2012, and China has kept perennial trade disadvantage for a long period of time. In order to change the current trade situation, we must make in-depth analysis on the two countries’ agricultural products trade status and their characteristics, thus target to development of trade strategy. This paper first introduces the current imbalance situation of the agricultural trade between China and the United States, then analyzes the causes of trade imbalance and its impact. Finally, some relevant countermeasures are putting forward, such as expanding the scale of the economy and agriculture;narrowing the gap between international and domestic regions and improving the quality and safety of agricultural products.展开更多
Using the trade statistical method based on asset ownership,this paper recalculated Sino-US bilateral trade volume and the result indicates that against traditional trade statistics,Chinese exports to the US reduced b...Using the trade statistical method based on asset ownership,this paper recalculated Sino-US bilateral trade volume and the result indicates that against traditional trade statistics,Chinese exports to the US reduced by an average of 51%while Chinese imports from the US increased by an average of 41%between 2004 and 2010.Balance of trade is in the range between US$2,189 billion of deficit and US$12.77 billion of surplus on the part of China,which are far smaller than the balance of Sino-US trade calculated by traditional statistical method.In order to reflect the real scale of China's foreign trade and effectively respond to Sino-US trade frictions,it is necessary for China to establish its trade statistics system based on asset ownership.展开更多
With the development of science and technology, informationization and economic globalization are developing faster and faster, and their impact on the world's economy and trade is also growing. The United States ...With the development of science and technology, informationization and economic globalization are developing faster and faster, and their impact on the world's economy and trade is also growing. The United States started the rebalancing strategy with tax reform as the starting point, and had large-scale trade frictions with China. How to avoid economic and trade frictions and promote sustainable economic development has become an important issue facing all countries. Although the economic and trade relations between the two countries are generally in a stable state, the friction in the trade field between the two countries exists in every stage of their economic and trade cooperation from beginning to end. The occurrence of trade friction not only affects the development of bilateral trade and regional economic development, but also may lead to a worldwide economic crisis. This paper analyzes the new forms of trade friction faced by the two countries under economic globalization through the friction between China and the United States in trade. With a view to promoting the sound development of trade between the two countries.展开更多
The new round of Sino-US high-level economic and trade consultations has been concluded.This is the 13th round of negotiations since the wide acceleration of economic and trade frictions between China and US.
On January 15,2020,the representatives of Sino-US trade signed Phase I Economic and Trade Agreement Between the Government of the People’s Republic of China and the Government of the United States of America in Washi...On January 15,2020,the representatives of Sino-US trade signed Phase I Economic and Trade Agreement Between the Government of the People’s Republic of China and the Government of the United States of America in Washington,which symbolizes the temporary settlement of two-year Sino-US trade war in relatively peaceful method and lays a good foundation in mutual trust for subsequent Phase II negotiation.This Agreement includes eight chapters involving Sino-US economic and trade and is called the model of the international bilateral agreement by virtue of its wide field and rigorous details.The impact of clauses about intellectual property rights on China’s current legal system and the future revision direction of China’s relevant laws for conformance with the Agreement will be discussed emphatically so that the author can rapidly understand the impact and significance of Sino-US trade agreement to Chinese law.展开更多
As the world teeters on the edge of frag-mentation-rattled by trade wars,simmering conflicts and fragile supply chains-three East Asian neighbors have turned to diplomacy.On March 22,Japan hosted the 11th Trilateral F...As the world teeters on the edge of frag-mentation-rattled by trade wars,simmering conflicts and fragile supply chains-three East Asian neighbors have turned to diplomacy.On March 22,Japan hosted the 11th Trilateral Foreign Ministers’Meeting in Tokyo,bringing together foreign ministers Wang Yi of China,Takeshi Iwaya of Japan and Cho Tae-yul of the Republic of Korea(ROK)to reinforce regional cooperation.展开更多
In recent years, China＇s international trade has made great actuevements, However, when carefully reviewing its performance in the international market, we have to admit a fact that ＂Chinese businessmen＂ and ＂Made...In recent years, China＇s international trade has made great actuevements, However, when carefully reviewing its performance in the international market, we have to admit a fact that ＂Chinese businessmen＂ and ＂Made in China＂ are encountering great challenges, even aversion in many foreign markets. The so-called ＂Yellow peril theory＂ and ＂China threat theory＂ have caught on once again. Faced with such frequent trade conflicts, we fall into contemplation. Why did trade conflicts so frequently happen？ Do these conflicts merely remain at the commercial level？ Or, are there any deep-seated conflicts leading to trade conflicts？ What are the root causes of these conflicts？ How to overcome and avoid these conflicts in the future？ With these questions, this paper is designed to inquire into the root cause of trade conflicts and the constructive suggestions to settle trade conflicts from a cultural perspective.展开更多
The interests of vulnerable groups can’t be guaranteed due to their weaker capacity and the limited interests demand channels during the water pollution conflicts. The interest protection for the vulnerable people in...The interests of vulnerable groups can’t be guaranteed due to their weaker capacity and the limited interests demand channels during the water pollution conflicts. The interest protection for the vulnerable people in the water pollution conflicts has attracted attentions of the international scholars. The paper tries to construct the market mechanism which can make the vulnerable people to involve in the emission trading. The vulnerable people can buy American put option in the emission trading market. When the price of the emission runs below the contract price, the vulnerable people can get the benefit through executing the option. When the price of the emission runs above the contract price, the vulnerable people can give up the right. The binomial tree option pricing model can help the vulnerable people to make a decision through the analysis of the worth of the American put option.展开更多
The paper analyzes the impact of U.S.direct investment in Chino on the Sino-US trade balance.The research shows that US FDI in China has largely widened the US-Chino trade deficit.On the one hand,cost-oriented US inve...The paper analyzes the impact of U.S.direct investment in Chino on the Sino-US trade balance.The research shows that US FDI in China has largely widened the US-Chino trade deficit.On the one hand,cost-oriented US investment enlarged Ch/nese export to the US;on the other hand,market-oriented investment decreased US exports to China.Moreover,China’s surplus against US high-technology products is mainly created by foreign invested enterprises.Therefore,the paper suggests that China should adjust its FDI policies to reduce the trade surplus against the US,thereby calming the trade dispute with the US as well as other countries.展开更多
In order to find indications for future bilateral relations, it is worth reviewing the development of China-US economic and trade relations in recent history. Generally speaking, the nine years between 2007 and 2015 s...In order to find indications for future bilateral relations, it is worth reviewing the development of China-US economic and trade relations in recent history. Generally speaking, the nine years between 2007 and 2015 saw non-stop progress in China and US trade and economic ties. The China-US interdependent and complementary economic and trade connections ensure that bilateral relations are constantly developing and merging following their interdependent paths;the global challenges, such as the financial crisis and recent extreme weather events, have allowed China and the US to be in the same boat,weathering these different forms of turbulence. Decisions on important domestic policies and disputes can now be discussed earlier and effectively following on from the construction of multi-dimensional crisis management mechanisms. But undeniably there are unsettled and conflicting points in their relations, such as the fact that the US strategically excludes China from its free trade agenda, not willing to accept many everyday items manufactured by China. This is a major obstacle preventing their relationships deepening. History tells us, in future, if both sides could have a bigger vision, relations would better develop, for the new type of major power relations and the subsequent road would be less rocky and bring more benefits for the peoples of both countries.展开更多
文摘During geopolitical crises,the price stability of agricultural commodities is critical for national security.Understanding the dynamics of pricing power between the U.S.and China and how it varies over time can help smaller nations navigate unpredictable moments.This study uses a unified framework and wavelet approach to examine soybean price discovery in the U.S.and China from the standpoints of price interdependence and information flows.We begin by illustrating the integrated link between the soybean futures markets in the U.S.and China,which includes multiple structural breaks.The pricing difference between the two nations acts as the primary information spillover route for their integrated relationship.Furthermore,we show that the direction and degree of information spillover change dramatically in proportion to the strength of the U.S.–Chinese soybean interaction.Finally,we find that China’s recent retaliatory tax on the U.S.soybeans gave the Chinese market a more powerful position in soybean futures price discovery.After the first-stage trade deal was reached,and during the epidemic phase of the coronavirus pandemic,the pricing power of the U.S.soybean market showed no signs of full recovery.
基金Supported by Tianjin Third National Agricultural Census Project (TJ2016NP023)
文摘Under the background of Sino-US trade friction,soybean,as an important variety in the important and export trade of agricultural products,has become a key bargaining chip. After the Ministry of Commerce of China announced the counter list of agricultural products including soybean,the price fluctuations of domestic soybean and related agricultural products are rapidly expanding. Under the background of SinoUS trade friction,taking the soybean-producing areas in Heilongjiang as an example,the impact of Sino-US trade friction on the important and export pattern of soybean in Heilongjiang was explored to provide a certain theoretical basis for the development of soybean industry in Heilongjiang.
文摘China has a large population, so the supply of agricultural products is very essential, and agricultural trade plays an important role. According to the data from the United Nations’ commodity trade, the rate of agricultural products trade development between China and the United States is declining since 2012, and China has kept perennial trade disadvantage for a long period of time. In order to change the current trade situation, we must make in-depth analysis on the two countries’ agricultural products trade status and their characteristics, thus target to development of trade strategy. This paper first introduces the current imbalance situation of the agricultural trade between China and the United States, then analyzes the causes of trade imbalance and its impact. Finally, some relevant countermeasures are putting forward, such as expanding the scale of the economy and agriculture;narrowing the gap between international and domestic regions and improving the quality and safety of agricultural products.
基金General Program of National Social Sciences Fund "Development and Application Research for theModel of Estimating the Structure of Sino-US Trade Interests(Approval No.13BJL055)"
文摘Using the trade statistical method based on asset ownership,this paper recalculated Sino-US bilateral trade volume and the result indicates that against traditional trade statistics,Chinese exports to the US reduced by an average of 51%while Chinese imports from the US increased by an average of 41%between 2004 and 2010.Balance of trade is in the range between US$2,189 billion of deficit and US$12.77 billion of surplus on the part of China,which are far smaller than the balance of Sino-US trade calculated by traditional statistical method.In order to reflect the real scale of China's foreign trade and effectively respond to Sino-US trade frictions,it is necessary for China to establish its trade statistics system based on asset ownership.
文摘With the development of science and technology, informationization and economic globalization are developing faster and faster, and their impact on the world's economy and trade is also growing. The United States started the rebalancing strategy with tax reform as the starting point, and had large-scale trade frictions with China. How to avoid economic and trade frictions and promote sustainable economic development has become an important issue facing all countries. Although the economic and trade relations between the two countries are generally in a stable state, the friction in the trade field between the two countries exists in every stage of their economic and trade cooperation from beginning to end. The occurrence of trade friction not only affects the development of bilateral trade and regional economic development, but also may lead to a worldwide economic crisis. This paper analyzes the new forms of trade friction faced by the two countries under economic globalization through the friction between China and the United States in trade. With a view to promoting the sound development of trade between the two countries.
文摘The new round of Sino-US high-level economic and trade consultations has been concluded.This is the 13th round of negotiations since the wide acceleration of economic and trade frictions between China and US.
文摘On January 15,2020,the representatives of Sino-US trade signed Phase I Economic and Trade Agreement Between the Government of the People’s Republic of China and the Government of the United States of America in Washington,which symbolizes the temporary settlement of two-year Sino-US trade war in relatively peaceful method and lays a good foundation in mutual trust for subsequent Phase II negotiation.This Agreement includes eight chapters involving Sino-US economic and trade and is called the model of the international bilateral agreement by virtue of its wide field and rigorous details.The impact of clauses about intellectual property rights on China’s current legal system and the future revision direction of China’s relevant laws for conformance with the Agreement will be discussed emphatically so that the author can rapidly understand the impact and significance of Sino-US trade agreement to Chinese law.
文摘As the world teeters on the edge of frag-mentation-rattled by trade wars,simmering conflicts and fragile supply chains-three East Asian neighbors have turned to diplomacy.On March 22,Japan hosted the 11th Trilateral Foreign Ministers’Meeting in Tokyo,bringing together foreign ministers Wang Yi of China,Takeshi Iwaya of Japan and Cho Tae-yul of the Republic of Korea(ROK)to reinforce regional cooperation.
文摘In recent years, China＇s international trade has made great actuevements, However, when carefully reviewing its performance in the international market, we have to admit a fact that ＂Chinese businessmen＂ and ＂Made in China＂ are encountering great challenges, even aversion in many foreign markets. The so-called ＂Yellow peril theory＂ and ＂China threat theory＂ have caught on once again. Faced with such frequent trade conflicts, we fall into contemplation. Why did trade conflicts so frequently happen？ Do these conflicts merely remain at the commercial level？ Or, are there any deep-seated conflicts leading to trade conflicts？ What are the root causes of these conflicts？ How to overcome and avoid these conflicts in the future？ With these questions, this paper is designed to inquire into the root cause of trade conflicts and the constructive suggestions to settle trade conflicts from a cultural perspective.
文摘The interests of vulnerable groups can’t be guaranteed due to their weaker capacity and the limited interests demand channels during the water pollution conflicts. The interest protection for the vulnerable people in the water pollution conflicts has attracted attentions of the international scholars. The paper tries to construct the market mechanism which can make the vulnerable people to involve in the emission trading. The vulnerable people can buy American put option in the emission trading market. When the price of the emission runs below the contract price, the vulnerable people can get the benefit through executing the option. When the price of the emission runs above the contract price, the vulnerable people can give up the right. The binomial tree option pricing model can help the vulnerable people to make a decision through the analysis of the worth of the American put option.
文摘The paper analyzes the impact of U.S.direct investment in Chino on the Sino-US trade balance.The research shows that US FDI in China has largely widened the US-Chino trade deficit.On the one hand,cost-oriented US investment enlarged Ch/nese export to the US;on the other hand,market-oriented investment decreased US exports to China.Moreover,China’s surplus against US high-technology products is mainly created by foreign invested enterprises.Therefore,the paper suggests that China should adjust its FDI policies to reduce the trade surplus against the US,thereby calming the trade dispute with the US as well as other countries.
文摘In order to find indications for future bilateral relations, it is worth reviewing the development of China-US economic and trade relations in recent history. Generally speaking, the nine years between 2007 and 2015 saw non-stop progress in China and US trade and economic ties. The China-US interdependent and complementary economic and trade connections ensure that bilateral relations are constantly developing and merging following their interdependent paths;the global challenges, such as the financial crisis and recent extreme weather events, have allowed China and the US to be in the same boat,weathering these different forms of turbulence. Decisions on important domestic policies and disputes can now be discussed earlier and effectively following on from the construction of multi-dimensional crisis management mechanisms. But undeniably there are unsettled and conflicting points in their relations, such as the fact that the US strategically excludes China from its free trade agenda, not willing to accept many everyday items manufactured by China. This is a major obstacle preventing their relationships deepening. History tells us, in future, if both sides could have a bigger vision, relations would better develop, for the new type of major power relations and the subsequent road would be less rocky and bring more benefits for the peoples of both countries.
