Sino-American Textile Trade Balance and Trade Friction

Abstract

In recent years, there has been severe unbalance in Sino-American trade. China has remained trade surplus of large volume to America, especially in textile products trade, so America has a lot of trade friction with China. This article collects information of unbalanced condition in Sino-American Textile trade, analyzes the reasons for this kind of trade friction, and proposes an opinion that China has to modify the policy of developing country by foreign trade to realize trade balance of textile products.