Abstract:
With the data of Sino-US trade from 2004 to 2012, this paper evaluates the economic efficiency of the Sino-US trade and explores the way to optimize the efficiency based on Pareto Optimality and the model of utility function. It finds that Sino-US trade structure is inefficient and uneconomic, which is rooted in the long-term strict control of the high-tech exports to China by United States. Therefore, the optimization to improve efficiency should start from relaxing the US’ high-tech exports control to China.