A Perspective on CHN-US Trade Relations Based on the Perspective of the New Crown Epidemic

The Covid-19 pneumonia epidemic has broken out and spread in more than 215 countries, with more than 7 million confirmed cases worldwide, which will definitely have a huge negative impact on the global economy, and it has also given birth to populism and trade protectionism in some countries such as the United States. In particular, the trade friction between China and the United States has not been completely resolved, and the direction of the trade relationship has become an important issue in the post-epidemic era. Using retrospective research methods, dynamic analysis methods, and path analysis methods, we discovered the uncertainties in Sino-US trade relations under the epidemic. In the post-epidemic era, Sino-US trade relations will show long-term trade disputes, accompanied by complex politicization and normalization of talks while fighting. However, Sino-US trade is highly interdependent and cannot be divided. Therefore, China upholds to jointly build a community with a shared future for mankind, comprehensively deepens reform and opening up, adheres to dialogue and consultation, stabilizes the ballast of economic and trade relations, crosses the "Thucydides trap", and implements the strategy of expanding domestic demand to take the lead in restoring the economy during the epidemic. Responding to the trade war provoked by the United States against China also provides reference for in-depth research on trade-related theories.

The Prospect Analysis of Sino-US Manufacturing Trade Friction Based on the Perspective of Evolutionary Game

The Sino-US trade friction since 2018 is an important turning point in trade relations between these two countries. As the world's two major manufacturing powers, the friction will have a profound impact on the world. This articlesorts out the comparison of economic and trade strength between these two countries in the past ten years, the dependence of import and export, and the changes in trade structure. Then we construct a dynamic evolutionary model of the strategic choices of these two countries in trade friction from the perspective of evolutionary game. Finally, we analyze the stability of the equilibrium point of the evolutionary game by copying the dynamic equation. The results show that when at least one of these two countries has a cooperative benefit less than the speculative benefits brought about by competition, (competition,competition) is the only evolutionary stable strategy combination, andboth of them will adopt competitive measures. The prerequisite for the combination of (cooperation, cooperation) strategies adopted by these two countries are that the net benefits obtained by the two countries' cooperation strategies are greater than the speculative benefits obtained when one side chooses to cooperate and the other side adopts competitive strategy. The probability that two countries choose cooperation strategy is directly proportional to benefits brought about by cooperation and inversely proportional to the cost of cooperation, the loss of sticking to the cooperation strategy, and the speculative benefits of abandoning cooperation. The trade policies of these two countries cannot be achieved overnight, but can gradually tend to be stable and balanced through mutual imitation and learning.

Analysis on the economic effect of Sino-US trade friction from the perspective of added value

Based on the theory of trade added value, this paper discusses the potential actual trade scale and benefit damage degree of the two countries under the background of big country game by measuring the real trade scale of China and the USA, simulating the economic impact of tariffs imposed by China and the USA and utilizing Wang–Wei–Zhu (WWZ) method to decompose the potential changes in Sino-US trade. The results show that: firstly, the size of China-US trade in terms of total value is significantly overestimated and China's overall trade with the USA in 2001–2014 was overestimated by an average of 3.06 percent, of which goods trade was overestimated by 8.06 percent. Secondly, although tariff increases can reduce the degree of trade imbalance between China and the USA to some extent, the adverse effects are mutual and global, and the European Union, the Association of Southeast Asian Nations (ASEAN), Japan and Canada become the main transfer countries of Sino-US trade. Thirdly, the pattern of China's final exports and the US' intermediate exports determines that China's trade interests are more damaged than those of the USA. It is proved that there is a big gap between China and the USA in the depth and breadth of China's participation in the value chain division of labor and the trade scale measured by Gross Domestic Product is more instructive than the total value.

Legitimation strategies in discourse surrounding Sino-American trade friction: A case study of Chinese government white papers

This article reports a critical discourse analysis of the legitimation strategies used in two Chinese government white papers about trade frictions between China and the United States. Drawing on the legitimation framework advanced by van Leeuwen to political discourse, it shows how the white papers use four main legitimation strategies: authorization, moralization, rationalization, and integration. It argues that the Chinese government uses these strategies to legitimate its responses to US trade policy and delegitimate the US government’s motives for initiating/escalating tensions. This article also discusses how the use of these legitimation strategies draws from certain traditional Chinese cultural values, such as Confucianism, the culture of face, and collectivism. This article is a part of a larger research project studying discursive strategies in trade friction discourse and hopes to shed light on the attributes and functions of this type of discourse.