Lu Bing │ Comparison of China-US Economic and Trade Relations
On the morning of December 8, 2018, the academic seminar on "International Trade Relations and the Reconstruction of Global Economic Governance" --- Sub - session 3: "Basic Economic Facts between China and the United States and International Trade Frictions" was successfully held at Tsinghua University. Well - known scholars from the academic community participated in the conference. Lu Bing, a doctoral student at the PBC School of Finance of Tsinghua University, presented a research report titled "Comparison of China - US Economic and Trade Relations" (with an excerpt of the on - site PPT attached later).
The report conducted a large amount of data analysis and was carried out from four aspects. First, Lu Bing introduced the economic development stages of China and the United States since China's reform and opening - up. It was found that the total economic volume of China and the United States is comparable. Currently, China has a higher total trade volume, while the United States has a higher GDP. Subsequently, Lu Bing analyzed the changes in the regional and global influence of China and the United States and the degree of economic and trade correlation. He pointed out that China is developing rapidly and the two countries are closely connected. He also proposed that China urgently needs to improve its education level, and compared with the United States, China's monetary policy bears more responsibilities and its fiscal policy bears less. Based on the above analysis, Lu Bing said: In terms of the global economic status, China and the United States are similar in total volume but different in development stages; in terms of the regional roles of China and the United States, they are regional cores and closely connected; in terms of economic and trade correlation, they are closely linked but different in industries; in terms of the comparison of China - US data, it is a contest between big powers, and each has its own strengths.
Subsequently, Chen Xiangjie, a doctor from the School of Economics and Trade of Hunan University, commented on Lu Bing's report. He said that Lu Bing's report comprehensively examined the China - US economic and trade relations with a clear train of thought. At the same time, he put forward suggestions for Lu Bing's report from the aspects of the impact proportion of China - US trade frictions on the two economies and the efficiency issues of the two economies. During the Q&A session, the participating scholars gave suggestions such as using indicators like the value chain for further research. Lu Bing had an in - depth discussion with the participating scholars.
Lu Bing, a doctoral student at the PBC School of Finance of Tsinghua University, whose research directions include international trade, international finance, and the impact of macro - policies on micro - enterprise behaviors. Relevant research has been published in domestic core journals such as "World Economy" and "Financial Research".
Excerpt of the on - site PPT:
