81. New Estimates of the United States - China Trade Balances
- Author:
- Lawrence J. Lau and K.C. Fung
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The United States and China have vastly different official estimates of the bilateral trade imbalance. The U.S. figures show that the United States had a merchandise trade deficit of US$57 billion vis-à-vis China in 1998 whereas the Chinese figures show that China had a merchandise trade surplus of only US$21 billion vis-à-vis the United States. There is a difference of US$36 billion. Which set of figures is right?
- Topic:
- International Trade and Finance
- Political Geography:
- United States, China, and Asia