An Analysis on the Mechanism of Global Trade Imbalance and China’s Position

【From】:[World Economy Study ,No.8, 2009]【Author】:[Zhang Haiyan Song Yuhua]【Date】:[2009-09-09]【Hit】:[927]

Abstract :Co-existence of huge current account deficit in US and surplus in China is not only a prominent representation of global trade imbalance nowaday, but also a clear reflection of position of developed countries and new emerging economies in the world economy and global production system. It’s also the inevitable result of the conflict between“US trade pattern”and“East Asia trade pattern”. China grows rap idly to act as an important power in the world economy, while a conclusion can be drawn, after analysing the structure of China’s trade commodity and its flow and terms of trade, that China p lays as role of the breakthrough of conflict between the above two patterns. China should understand " EastAsia trade pattern" more deeply so as to exp lore a more scientific developing way, and show the world economy a more sustainable way.
Key words : global trade imbalance; US trade pattern; East Asia trade pattern