This academic work has been carried out trajectory due to the conflict generated between the powers China and the US for the hegemony of the world market. It begins with the historical background of the trade war, the essence of the dispute to arrive at the analysis of the trade war in the field of high technology and the economic impact of foreign trade in 2019.

At the Historical Background to the Sino-US Trade War 3 concrete facts stand out. The disintegration of the Soviet Union, so that its main competitor “disappears”. The bursting of Japan's bubble economy and the confirmation of the existing commercial "war" between China and the US that has always been accentuated in 2018.

A trade war that collects components of great weight such as the political, military aspect, possible alliances, government relations and the economic factor evidently.

Analysis of the trade war in the field of high technology

In this section, the “Made in China 2025” plan. The new one strategy that the Chinese government has proposed to follow to promote and restructure its industry, so that it happens from an era of quantity to a new era of quality and production efficiency. With this plan, China intends to be a leader in technology on an international scale, ahead of powers such as Germany, the United States or Japan.

A plan for which the United States hopes to create obstacles to China through the trade war.

The economic impact of the Sino-US trade war on foreign trade in 2019

  • Decreased volume of bilateral trade.
  • Decrease in Chinese exports to the United States.
  • Decrease in Chinese imports from the United States.
  • Decrease in the volume of imports and exports in 2019 with its main trading partners.
  • Decrease Chinese investment in all US industries
  • Small increase in US investment in all Chinese industries.
  • US GDP annual growth rate, with a slightly higher stable behavior in the first quarter of 2019.
  • US annual GDP 2015-2019 growing trend.
  • China's annual GDP growth rate shows a slightly higher stable behavior in the first quarter of 2019.
  • US annual GDP 2015-2019 growing but stabilizing trend.

Conclusions

According to data released by the General Administration of Customs of China on June 7, 2020, the total value of Sino-US trade in the first five months of this year was RMB 1,29 trillion, a year-on-year decrease of 9,8%. In the first five months, the share of the United States in the total value of China's foreign trade fell further from 11.5% in the first four months of this year to 11.1%. China's exports to the US were 964,39 billion renminbi, down 11,4% year-on-year; US imports were 321,84 billion renminbi, down 4,5% year-on-year; the trade surplus with the US was 642,55 billion renminbi, down 14,5% year-on-year.

Recommendations and possible action plan for China's economic development in 2020

  1. Strengthen employment support for key industries and groups, specifically in companies financed by the state to train talent and stabilize jobs.
  2. Reduce or exempt business rents by the State, favoring employers to reduce or postpone payments.
  3. Encourage banks to substantially increase credit lending to small and micro businesses. Increase loan approval and issuance speed, and reduce interest.
  4. Promote the entry of postgraduate students into the world of work with up-to-date training and the skills of new generations. Increase the number of postgraduate students, to have better trained workers for the positions of the future.
  5. Encourage companies to transform and diversify their activity, proposing new development plans such as selling through online platforms that considerably reduce costs and increase flexibility.