The Impact of Sino-US Trade War on the Financial Performance of High-end Manufacturing

A Case Study of Hikvision

Abstract

The Sino-US trade war is a continuing economic conflict between the United States and China since 2018.It mainly focuses on tariff barriers, technology transfer and market access. The United States accuses China of unfair trade practices, including forced technology transfer, intellectual property infringement and industrial subsidies. China has taken counter-measures and imposed tariffs on American agricultural products and other commodities. The trade war led to the disorder of the global supply chain and impacted the economies of the two countries and the international market. Although the two sides signed the first phase of the trade agreement in 2020, the core contradictions have not been thoroughly resolved. The competition in the field of science and technology (such as semiconductor and 5G) is still intensifying. The trade war reflects the deepening strategic competition between China and the United States and has a far-reaching impact on the global economic pattern. The Sino-US trade war has a significant negative impact on the financial performance of China's high-end manufacturing enterprises. For example, Hikvision's financial performance continued to decline after the trade war.