Report on the Statistical Discrepancy of Merchandise Trade between the United States and China

Report on the Statistical Discrepancy of Merchandise Trade between the United States and China

by U.S. Department of Commerce
     
 
In April 2004, the 15th U.S.-China Joint Commission on Commerce and Trade (JCCT)
established a statisticalworking group. Participating units from the Chinese side include the
Ministry of Commerce of the People’s Republic of China and the Chinese General
Administration of Customs; the U.S. side includes the U.S. Department of Commerce and the

Overview

In April 2004, the 15th U.S.-China Joint Commission on Commerce and Trade (JCCT)
established a statisticalworking group. Participating units from the Chinese side include the
Ministry of Commerce of the People’s Republic of China and the Chinese General
Administration of Customs; the U.S. side includes the U.S. Department of Commerce and the
Office of the U.S. Trade Representative. In view of the unusually large and growing statistical
discrepancies in the bilateral merchandise trade data officially published by two countries, the
initial focus of the working group was to examine the bilateral merchandise trade statistics
between China and the United States. Members agreed to conduct a reconciliation study, using
recent data, to explain and quantify the statistical discrepancies inthe bilateral merchandise trade
data. The goal of the study is not to alter the official statistics of either country, but to identify
the causes of the statistical discrepancies in the official data of the two countries, and to facilitate
a common understanding by data users of the actual situation of the bilateral trade and the causes
of the statistical discrepancies in the bilateral trade data. Adjustments made to statistical data,
to achieve mutually agreed upon sets of trade figures, do notimply errors in the statistical
systems of either country. Neither do the adjustments represent revisions or corrections to
either country’s published trade figures.
Previously, in 1994, a trade statistics working group was established at the 8
th
U.S.-China JCCT
meeting to address the issue of discrepancies in the bilateral trade statistics. The main
conclusion reached was that goods shipped indirectly from China via Hong Kong and other
intermediary countries or regions account for a large part of the discrepancy in the U.S.-China
bilateral trade statistics. Although both countries follow the same international guidelines on
merchandise trade statistics programs, the corresponding import and export statistics from both
countries will not necessarily match. Differences in partner country attribution and value added
in intermediary countries or regions are major causes of the discrepancies in indirect trade from
China to the United States.

Product Details

ISBN-13:
2940149095391
Publisher:
ReadCycle
Publication date:
01/04/2014
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
79 KB

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