Author(s)

Ruishi He ¹

Affiliation(s)

¹ Tong'an NO.1 High School, Binhai Branch, Xiamen, China

Corresponding Author

ABSTRACT

This thesis aims to explore the multi-dimensional impact of the China-US trade war on China's economy. Under the background of globalization, the economic and trade relations between China and the United States have far-reaching global significance. Since 2018, the trade war has not only triggered tariff disputes between the two sides but also had a major impact on the global economic order. This study first analyzes the background of the trade war, including the China-US economic interdependence and the escalation of trade frictions, and elaborates on the cause and development of the trade war and its direct impact on China's economy in export trade, industrial structure, employment market, and financial market. At the same time, on this basis, it puts forward China's strategy to deal with the trade war, including expanding domestic demand, enhancing the autonomy of the industrial chain, strengthening international cooperation, and optimizing the business environment. The study found that although the trade war has brought some pressure on the Chinese economy, China has shown strong resilience and development potential through active response and deepening reform. Future studies should continue to focus on the dynamic evolution of the trade war and its impact on the global economy.

KEYWORDS

CITE THIS PAPER

Ruishi He, A Study on the Impact of the China-US Trade War on the Chinese Economy. Financial Engineering and Risk Management (2024) Vol. 7: 64-73. DOI: http://dx.doi.org/10.23977/ferm.2024.070309.

REFERENCES

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