Abstract:This study uses a modified InputOutput model, in which the import carbon intensity is reevaluated and the import goods are divided into two parts, and several results are achieved. First, China is netexporter of Carbon Footprint and Export Carbon Footprint is increasing much faster than Import Carbon Footprint. Second, there is a large gap from the results between the two different accounting principles and China is more benefited from the ConsumptionBased Principle. Third, the Carbon Footprint trade deficit of China is mainly from Electrical Manufacture, Textile, Chemical Industry and Metal Products. These sectors are supposed to be regulated by a large extent.