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A Review on the Shock of Sino-US Trade Friction on Semiconductor Industry in China

In: Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023)

Author

Listed:
  • Xirui Yang

    (Zhejiang University of Technology, School of Economics)

Abstract

With the formation of a new international division of labor which takes global value chain as its core, the high-tech industry represented by the semiconductor has gradually become the key point for countries to occupy the top of the value chain and maintain their comparative advantages. However, currently, Sino-US trade friction continues to escalate and the United States has repeatedly lauched trade sanctions in the field of high-tech product trade, posing a great threat to the development of the semiconductor industry in China. By combining relevant literature, this paper finds that the narrowing of technology gap is the fundamental cause of Sino-US trade friction hidden under the surface factor of trade imbalance; The Sino-US trade conflict has a negative impact on global economic welfare of both countries. A number of regulatory measures imposed by the United States on China have curdled the participation and position of the Chinese semiconductor industry in the global value chain.

Suggested Citation

  • Xirui Yang, 2024. "A Review on the Shock of Sino-US Trade Friction on Semiconductor Industry in China," Advances in Economics, Business and Management Research, in: Peng Dou & Keying Zhang (ed.), Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), pages 552-563, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-441-9_47
    DOI: 10.2991/978-94-6463-441-9_47
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