A query to the paper “Are the forces that cause China's trade surplus with the USA good?”. A response to Professor Jonathan E. Leightner
| Pages | 45-54 |
| Date | 08 February 2011 |
| DOI | https://doi.org/10.1108/17544401111106806 |
| Published date | 08 February 2011 |
| Author | Xiang Dai,Erzhen Zhang |
| Subject Matter | Economics |
A query to the paper “Are the
forces that cause China’s trade
surplus with the USA good?”
A response to Professor Jonathan E. Leightner
Xiang Dai
School of International Economics and Trade,
Anhui University of Finance and Economics,
Bengbu, People’s Republic of China, and
Erzhen Zhang
School of Business, Nanjing University, Nanjing, People’s Republic of China
Abstract
Purpose – This paper aims to conceptually argue that China’s trade surplus with the USA is good by
clarifying its fundamental forces from specific perspective.
Design/methodology/approach – China’s trade surplus with the USA is simply the result of
comparative advantage under the background of international intra-product specialization. Being the
consequence of global resources optimization allocation, China’s trade imbalance, including trade
surplus with the USA, is certainly a win-win game in international trade.
Findings – There are strong reasons to believe that China’s trade surplus with the USA is beneficial
to both China and the USA.
Originality/value – The forces causing China’s trade surplus with the USA are complex and
multiple different conclusions may be reached from different perspectives. This paper argues that one
of the fundamental forces driving China’s trade surplus with the USA is international intra-product
specialization, and from this perspective, it can help us understand that China’s trade surplus with the
USA is good for both nations to some extent.
Keywords China, United Statesof America, International trade,Surpluses
Paper type Conceptual paper
I. Introduction
The persistent imbalanced trade between China and the USA since 1993 has drawn a
lot of attention from economists and officials; therefore much debate has been carried
out on this issue including the cause and effect of this imbalanced trade, its costs and
benefits, its sustainability and many other related aspects. It is a pity that little uniform
recognition has been included on some key aspects about this issue up to the present.
The current paper titled “Are the forces that cause China’s trade surplus with the USA
good?” written by Professor Jonathan E. Leightner also falls into the scope of this field.
In his paper, Professor Leightner aims to conceptually discuss whether forces causing
China’s trade surplus with the USA is good. He points out that the fundamental
causes of the US trade deficit with China are US excess consumption and Chinese
The current issue and full text archive of this journal is available at
www.emeraldinsight.com/1754-4408.htm
This paper is a response to “Are the forces that cause China’s trade surplus with the USA good?”
by Jonathan E. Leightner in JCEFTS 3.1, 2010.
A response to
Professor
Leightner
45
Journal of Chinese Economic and
Foreign Trade Studies
Vol. 4 No. 1, 2011
pp. 45-54
qEmerald Group Publishing Limited
1754-4408
DOI 10.1108/17544401111106806
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