论文素材(中美贸易战

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1、FinancialTimes报道1:WilltheUS-Chinatradewarimpactonglobalgrowth?TheUSdecisiontoimposetariffson$200bnofChineseimportsmarkedaseriousescalationinitshostilitieswithBeijingovertrade.Yeteconomistsbelieveprotectionistmeasureswillhaveonlyamodestimpactonglobalgrowth—providedthebilateralcon

2、flictdoesnotturnintoanall-outmultilateralwar.Thesefourchartshelpexplainwhy.Internationaltradeingoodshasalreadyfallenasaproportionofglobaloutputinrecentyears,despitetheupswingintheworldeconomy.Thisispartlybecauseofcurrencyeffectsandchangesincommodityprices,butmanufacturersarealso

3、becominglessreliantonimportedinputsandpopularhostilitytoglobalisationmayalsobeplayingapart,withtradedisputesandtheuseofanti-dumpingmeasuresontheriseevenbeforethelatestroundsoftariffs.2.Sofar,tariffsaffectonlyasmallproportionofglobaltradeAlthoughtheUS-Chinaconflictnowlookslikelyt

4、oaffectthevastmajorityofthegoodstradedbetweenthetwocountries,itmakesupamodestproportionofglobaltrade.EveniftheUSactsonallthethreatsithasmadesofar,onlyaround5percentofglobalimportswouldbeaffected3.Formostcountries,tradetieswithnearneighboursarethemostimportantWorldtradeislargelyc

5、oncentratedinthreeregions:NorthAmerica,EuropeandEastAsia,withalargeshareoftradebeingintra-regional.4.EmergingmarketsmaybenefitifthedisputeleadsChinatotrademorewithneighboursinsouth-eastAsia.InternationaltradeislargelycomposedoftradeflowsbetweenrichcountriesandtheEastAsianregionb

6、utdevelopingcountries’tradewithChinaisincreasinglyimportant.Abigquestionnowiswhetherothercountriesinsouth-eastAsiaareabletobenefitfromgreaterintegrationwithChinaasexistingtradeflowsaredivertedtonewmarkets,andifChinesemanufacturersseektoshiftproductiontocountriesnotaffectedbytari

7、ffs.报道2:ChinastockstumbleonUStradewarconcerns（Financialtimes）Chinesestockscementedtheirpositionastheworld’sworstperformingmajorequitymarketonMonday,astheymissedoutonthereturnofsomestabilityfollowinglastweek’sglobalructions.Afterrising22percentin2017,theCSI300,anindexofsomeofthel

8、argestcompanieslistedontheChinesemainland,hastu