东亚在华投资视角下中美贸易不平衡与东亚顺差转移研究

摘要

文章从投资与贸易关系的角度出发，分析东亚FDI对中美贸易差额的影响程度：首先对比东亚对华直接投资与中国、美国、东亚三方贸易不平衡现状；其次定量分析东亚在华直接投资对中美贸易的影响程度。结果表明：东亚在华直接投资扩大了中国对美国的出口，从而加剧了中美贸易失衡；东亚和美国在华直接投资都加剧了中美贸易失衡，但东亚FDI对中美贸易差额的引致作用更大。%Sino-US trade imbalance has become the focus of Sino-US trade disputes.Therefore,it becomes increasingly nec⁃essary and important to in-depth analysis the cause of the Sino-US trade imbalance.From the perspective of investment and trade relations,this paper analyzes the impact of East Asian FDI to the Sino-US trade balance.First,the paper researches the status of East Asia FDI in China and Sino-US trade imbalance,then uses co-integration test,quantitative analyzes the im⁃pact of East Asia FDI on the Sino-US export trade,import trade and the trade surplus.The empirical results show that East Asia FDI expands Sino-US export trade,thus exacerbating the Sino-US trade imbalance.This paper also finds that East Asia FDI and the United States FDI in China have exacerbated the Sino-US trade imbalance,but the impact of East Asia’s FDI is greater.