Modelling US-China relationship: A game theory perspective

Document Type : Research Paper


Department of Mathematics, Semnan University, P.O. Box 35195-363, Semnan, Iran


Relation between China and the US is one of the most complex relations among the major powers in the world. The aim of this paper is to model China and the US economic relations. We used the new system named Dynamic system of strategic games for this purpose.


[1] G. Askari, M. Eshaghi Gordji and C. Park, The behavioral model and game theory, Palgrave Commun. 5(1) (2019)
[2] G. Askari and M. Eshaghi Gordji, Decision making: Rational choice or hyper-rational choice, Stat. Optim. Inf.
Comput. 8(2) (2020) 583–589.
[3] A. Bou¨et, Les guerres commerciales sont-elles bonnes et faciles `a gagner?, (2018).
[4] A. Carnegie, Trump’s trade war escalates, (2018).
[5] L. Chunding, H. Chuantian and L. Chuangwei, Economic impacts of the possible China–US trade war, Emer.
Mark. Fin. Trade, 54(7) (2018) 1557–1577.
[6] M. Eshaghi Gordji and G. Askari, Dynamic system of strategic games, Int. J. Nonlinear Anal. Appl. 9(1) (2018)
[7] M. Eshaghi Gordji and G. Askari, Hyper-rational choice and economic behaviour, Adv. Math. Fin. Appl. 3(3)
(2018) 69–76.
[8] G.M. Grossman and E. Helpman, Trade wars and trade talks, J. Political Econ. 103(4) (1995) 675–708.
[9] L. Kapustina, L. Lipkov´a, Y. Silin, and A. Drevalev, US-China trade war: Causes and outcomes, SHS Web Conf.
73 (2020) 1–13.[10] Zh. Ming, Zh. Liansheng, W. Yuzhe, Y. Xiaochen and Zh. Ji, Unlikely full trade war between China and US,
China Forex, 6 (2017) 26–29.
[11] Zh. Monan, Research on Launching a new model of China-Us Eeonomic Cooperation and Reduce Trade Fictions,
Reg. Econ. Rev. 6 (2017) 99–104.
[12] M.J. Osborne, An Introduction to Game Theory, Oxford University Press, New York, 2004.
[13] A. Savinov, A.N. Zelenuk, E.V. Taranovskaja, G.A. Orlova and A.V. Skurova, Increased protectionism in US
trade policy, Russian Foreign Econ. J. 1 (2019) 36–51.
[14] S.R. Sheikh, Les Etats-Unis ne pourront pas gagner la guerre commerciale contre la Chine ´ , (2018).
[15] I. Sinitsyn and P. Kuimov, The economic terrorism of the USA with regard to Europe, Russia and other countries,
Vlast, 9 (2018) 236–241.
[16] Z. Suisheng and D. Guo, A New Cold War? Causes and Future of the Emerging US-China Rivalry, Vestnik
RUDN. Int. Rel. 19(1) (2019) 9–21.
[17] A. J. Tellis, Balancing without Containment: an Ame-ican Strategy for Managing China, Washington: Carnegie
Endowment for International Peace, 2014.
[18] L. Xin, The scenarios of Sino-US trade war: Based on the GTAP CGE mode, J. Int. Trade, 11 (2012) 50–65.
[19] Zh. Xionga, Y. Sub and Zh. Xiongc, An analysis of the trade war between China and the United States, Front.
Econ. Manag. Res. 1(2) (2020) 15–22.
[20] W. Xuyang, When both are combined,the bucket will hurt-Sino-US economic and trade telations move forward in
friction, Modern Manag. Sci. 2018 (2) (2018) 54–56.
[21] K. Yan-Xiang, Economic interdependence and Sino-US trade frictions: A research based on multi-stage game
model, J. Int. Trade, 11 (2010) 36–43.
[22] D. Zhang, L. Lei, Q. Ji and A.M. Kutan, Economic policy uncertainty in the US and China and their impact on
the global markets, Econ. Model. 79 (2019) 47–56.
[23] Z. Zhu, Y. Yang, and S. Feng, Trade War between China and US, Adv. Soc. Sci. Educ. Human. Res. Int. Conf.
Adv. Soc. Sci. Sust. Dev. (2018).
Volume 12, Issue 2
November 2021
Pages 1371-1382
  • Receive Date: 04 January 2021
  • Revise Date: 01 March 2021
  • Accept Date: 16 April 2021