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Why Chinese Exports Face So Many Trade Remedy Actions： An Empirical Study Based on Multi-country and Multi-industry Data

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China & World Economy 2016年第6期24卷 108-126页

作者： Xiangyu Tian Shenxiang Xie Qi Wang Xiaosong Wang Professor School of Accounting Shanxi University of Finance and Economics China School of International Economics and Trade Shandong University of Finance and Economics China Staff Member Bank of China China Associate Professor School of Economics Renmin University of China China

This paper offers a comprehensive analysis of the reasons for the large number of trade remedy actions taken against China. Using a multi-country and multi-industry dataset, the present paper shows that the macroeconomic situation of China＇s partners has a great influence on the probability of trade frictions arising with China. Moreover, the more powerful the industry is, the more likely it is to take trade remedy actions against China. The empirical results reveal that China has been hurt under the operating mechanism of the WTO, and the number of free trade agreements is negatively related to the initiation and approval of trade remedy actions. Basically, the determinants for countervailing and double remedy measures are identical, while they are different from determinants of antidumping measures. Accordingly, strengthening communication with trade partners will alleviate friction between China and its trade partners. Meanwhile, making use of foreign lobbies power, actively integrating into the international trading system and participating in regional trade agreements are effective ways for China to deal with the ＂new normal＂ of trade frictions.

关键词： industrial competitiveness macroeconomic status preferential trade agreement trade friction WTO regime

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