Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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The Evolution Trend of China-US Economic and Trade Friction during the “14th Five-Year Plan” Period and Its Impact on China's Economy——Based on GTAP Model

Authors
Lili Zhang1, *, Shanshan Wu1, Zhifan Liu2, Yan Li2
1State Grid Energy Research Institute Co., Ltd, Changping, Beijing, China
2Economic and Technology Research Institute, State Grid Shandong Electric Power Company,, Jinan, China
*Corresponding author. Email: zhanglili@amss.ac.cn
Corresponding Author
Lili Zhang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_102How to use a DOI?
Keywords
China-US economic and trade friction; Tariff barriers; Economic growth; Structural adjustment; Dynamic GTAP model
Abstract

This paper analyzes the evolution trend of China-US economic and trade frictions during the "14th Five-Year Plan" period. Based on this, two scenarios of China-US economic and trade frictions are set up. The dynamic GTAP model is used to estimate the impact of China-US economic and trade frictions on the Chinese economy and major industries during the "14th Five-Year Plan" period under different scenarios. The results show that the negative impact of China-US economic and trade frictions has diminished marginally during the "14th Five-Year Plan" period. For industries, the negative impact of China-US economic and trade frictions on China is mainly concentrated in the secondary industry. For sub-sectors, electronic equipment manufacturing industry, transportation equipment manufacturing industry, and metal products industry are greatly affected.

Copyright
© 2023 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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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_102How to use a DOI?
Copyright
© 2023 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.

Cite this article

risenwbib
TY  - CONF
AU  - Lili Zhang
AU  - Shanshan Wu
AU  - Zhifan Liu
AU  - Yan Li
PY  - 2022
DA  - 2022/12/27
TI  - The Evolution Trend of China-US Economic and Trade Friction during the “14th Five-Year Plan” Period and Its Impact on China's Economy——Based on GTAP Model
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 891
EP  - 898
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_102
DO  - 10.2991/978-94-6463-098-5_102
ID  - Zhang2022
ER  -