The Influence of Sino-US Trade Friction on the Export Volume of China's High-tech Products
DOI:
https://doi.org/10.54097/yx4x0a94Keywords:
Sino-US trade friction, high technology, difference-in-differences method.Abstract
With the rapid development of economy, witnessing the extraordinary progression of the economy, China has ascended as the second largest economy globally, and the gap with developed countries is getting smaller and smaller. For a long time, there has been a huge trade deficit from China to the United States. The United States provoked trade friction on the grounds of trade protectionism, restricting trade with China, high-tech industries being the focus. Employing the difference-in-differences (DID) methodology, this paper scrutinizes the influence of Sino-US trade frictions on the export value of China's high-tech industries, utilizing the export data of China's high-tech industries to the United States spanning from 2012 to 2022. It is found that after the Sino-US trade friction began, China's exports of high-tech products to the United States have declined significantly, which has caused trade destruction effect and trade deflection effect from China to the United States.
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