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The Impact of Sino-US Trade Friction on China's Manufacturing Industry
- 1 Hebei University
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Abstract
Against the backdrop of rapid economic development and globalization, the trade environment for China’s manufacturing industry to integrate into the global value chain has undergone changes. The trade frictions between China and the United States have escalated from time to time, and how to face the challenges has become a major issue. Based on the background of trade frictions between China and the United States, this article first introduces the current development status of China’s manufacturing industry, and then conducts an in-depth analysis of the changes in international and domestic market demand for China’s manufacturing industry. Secondly, it analyzes the part of the Entity List of the China-United States trade war that affects the Chinese market, and analyzes the impact of Sino-US trade friction on the integration of China’s manufacturing industry and the global value chain. Finally, some suggestions are put forward for the Chinese manufacturing industry to cope with trade frictions between China and the United States, providing strategies for industry protection and the path to achieve the transition of the manufacturing industry in the global value chain.
Keywords
trade friction, manufacturing development, economic effects
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Cite this article
Zhu,Q. (2023). The Impact of Sino-US Trade Friction on China's Manufacturing Industry. Lecture Notes in Education Psychology and Public Media,22,1-7.
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