A Revelation of the True State of Sino-US and Sino-Korea Bilateral Trades in Value-Added Statistics
ZHANG Jian-qing1, 2, ZHENG Yu-nan1
1. School of Economics and Management, Wuhan University , Wuhan 430072,China; 2. Institute for the Development of Central China, Wuhan University, Wuhan 430072,China
Abstract Based on the newest statistics from OECD-WTO database, this paper adopts the Multilateral Trade in Value Added Model to reevaluate the true state of Sino-US and Sino-Korea bilateral trades. The results show that traditional statistical method distorts Chinese foreign trade reality and worsen trade friction China suffers. The ratio of two export sum under different statistical method is 73%, which means the value added method significantly cuts down Chinese high and unfair export and the net trade volumes between China and its principal trade partners are mostly overvalued. The proportions of over-valuation in Sino-US and Sino-Korea net trade are respectively 250% and 31%. In addition, compared with traditional trade volumes, the real bilateral net trades in most industries have also undergone significant changes.
ZHANG Jian-Qing,ZHENG Yu-Nan. A Revelation of the True State of Sino-US and Sino-Korea Bilateral Trades in Value-Added Statistics. Economic Survey, 2015, 32(6): 041.
2015, Vol. 32 
