Current Statistics System Fails to Reflect NewChanges in InternationalTrade Activities

WAN Guangcai（万光彩 ) 1 and LIU Li2( 刘莉 )

Editorial note：

The China-US trade imbalance has long been a focus of concern for both sides. Along with the furtherance of economic globalization, the deficiencies of the current trade statistics systems have become increasingly evident. In this article entitled ‘Current Statistics System Fails to Reflect New Changes in International Trade activities’, the authors conclude that the China-U.S. trade balance would have been negative (deficit) rather than positive (surplus) if adjusted under the principle of ownership.

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