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Analyzing the Influence of China's Import and Export Trade on Economic Growth Based on Eviews
| Content Provider | Semantic Scholar |
|---|---|
| Author | Zhao, Yue |
| Copyright Year | 2019 |
| Abstract | With China's reform and opening-up, import and export trade and economic development have achieved great success. Trade between countries has occurred frequently and the economic development environment has also improved. However, investment and exports are the main factors affecting China's economic growth, but underestimating the potential demand of Chinese consumers, that is, weakening the impact of import trade on economic growth. This paper analyzes the impact of import and export trade on economic growth through Eviews7.2 software and puts forward suggestions and countermeasures for import and export trade. 1. Current situation and problems of China's import and export trade development 1.1 The trade surplus continues to grow Combining the data of China's import and export trade in recent decades, China has basically maintained a trade surplus since 1990. But then, the trade surplus grew rapidly. Referring to the annual data of the National Bureau of Statistics, taking the 2017 import and export trade data as an example, China's total import and export value is 27.79 trillion yuan, up 12% from 2016. Among them, exports were 15.33 trillion yuan, imports were 12.46 trillion yuan, and the trade surplus was 2.87 trillion yuan. The reason is that the ideas and policies of "re-exporting and light importing" are fundamental. Before the reform and opening up, China has been in a state of self-restraint and backward thinking. With the "going out" policy, export trade has greatly improved. Obtaining profits from foreign countries at a meager cost and large-volume exports ignores the importance of imports for the country. The long-term imbalance in import and export has led to a huge trade surplus. The trade surplus is a double-edged sword. While bringing economic benefits to the country, it will also have certain negative effects. 1.2 The structure of foreign trade is unreasonable Among China's export trade products, although the proportion of industrial manufactured goods has steadily increased year by year, the proportion of high-tech products is not high. In addition, processing trade accounts for a large part of China's exports. Due to the irrational trade pattern, the limited contribution of trade to the growth of national wealth has made Chinese citizens more limited. The structure of the trade zone is caused by insufficient trade balance between the eastern and central and western regions. Due to the imbalance of long-term geographical development, the eastern region is much more active than the central and western regions. Therefore, it is difficult to coordinate and improve in a short time. 1.3 Trade friction continues to increase A long-term trade surplus will put pressure on the appreciation of the Renminbi, which will easily lead to large-scale trade frictions and anti-dumping and countervailing duties on Chinese exports. Moreover, countries are exerting pressure on China's foreign trade to try to influence China's exports and economic development. Therefore, the existence of a long-term trade surplus is not good for China's global economic development. 6th International Education, Economics, Social Science, Arts, Sports and Management Engineering Conference (IEESASM 2018) Copyright © 2019, the Authors. Published by Atlantis Press. This is an open access article under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/). Advances in Social Science, Education and Humanities Research, volume 294 |
| File Format | PDF HTM / HTML |
| DOI | 10.2991/ieesasm-18.2019.10 |
| Alternate Webpage(s) | https://download.atlantis-press.com/article/55912029.pdf |
| Alternate Webpage(s) | https://doi.org/10.2991/ieesasm-18.2019.10 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
