The Impact of Sino-U. S Trade Friction on the Export of Communication Equipment Manufacturing Industry
Year: 2024
Type: article
Abstract: In the context of global economic integration, Sino-U.S. trade friction has profoundly impacted the global trade pattern. Based on the communication equipment industry trade data released by UN Comtrade, this paper empirically analyzes the impact of Sino-U.S. trade friction on China's communication equipment industry and its future trends. It was found that Sino-U.S. trade friction has significantly slowed down the growth of China's world exports of communication equipment products, and exports to the United States have shown a downward trend. The Sino-U.S. trade friction has impacted China’s telecommunications equipment industry, yet it has also presented certain opportunities. Based on the analysis, the following recommendations are proposed: China and the United States should actively engage in peaceful negotiations to jointly foster a favorable international trade environment. The telecommunications equipment industry should expedite industrial upgrading and restructuring to achieve autonomy in high-end technologies. China should accelerate the development of a digital economy to enhance its international competitiveness.
DOI: 10.54097/y6t3d228
Author: Yingjian Yin
Institution: Hong Kong Polytechnic University
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401666959