Abstract: This paper uses the trade statistics method based on asset ownership to calculate Sino-US bilateral trade volume, and the results show that, compared with the traditional trade data, China's exports to the United States decrease by an average of 51%, while imports from the United States increase by 41% on average, trade balance is between China’s trade deficit of 2.189 billion U.S. dollar and China’s trade surplus of 12.77 billion U.S. dollar during 2004 to 2010 which is far less than that of traditional statistical method. In order to reflect the true scale of China's foreign trade and effectively deal with Sino-US trade friction, it is necessary for China to establish the trade statistics system based on asset ownership.
Keywords: Asset Ownership, Cross-border Trade, Sino-US Trade
source:Finance & Trade Economics ,No2,2014