The Impact of the US-China Trade Conflict on China’s Foreign Economic Relations

DOI

10.2991/978-94-6463-546-1_31How to use a DOI?

Keywords

US; Trade conflict; China; Impact; Foreign direct investment; ARIMA model; Forecast

Abstract

On 9 March 2018, in order to impose tariffs of 25% and 10% on imported steel and aluminum, the US government approved a tariff decree, marking the trade conflict between the US and China broke out. It is a turning point in the long-standing trade tensions between the two countries. The US government has taken a series of trade measures against China, mainly due to issues such as trade deficits, intellectual property protection, market access and technology transfer. These elements contributed to the start of the US-China trade dispute starting, have profound effects on the world economy and trading environment. Through an analysis of foreign direct investment (FDI) statistics, this study explores how the trade conflict has affected China’s foreign economic relations. The study employs the number of FDI contracted projects and the value of FDI actually utilized from 2010 to 2018 to establish an ARIMA model for forecasting subsequent data. By comparing the predicted values with the actual data post-March 2018, this paper identifies and analyze the discrepancies, providing insights into the trade conflict’s effects on China’s foreign economic relations.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yiting Chai
PY  - 2024
DA  - 2024/10/27
TI  - The Impact of the US-China Trade Conflict on China’s Foreign Economic Relations
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 278
EP  - 287
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_31
DO  - 10.2991/978-94-6463-546-1_31
ID  - Chai2024
ER  -