Back
 JAMP  Vol.7 No.7 , July 2019
Empirical Analysis on the Influencing Factors of China’s Total Foreign Trade
Abstract:
On the occasion of the 40th anniversary of reform and opening up, China’s economic growth level has steadily risen and its international status has gradually improved. However, as the global economic downturn, China is facing tremendous challenges and pressures in the international economic and financial markets. The turbulence of foreign trade and international financial markets has put forward greater requirements for the flexibility of China’s financial strategy. Based on the annual data of China’s total foreign trade, exchange rate, commodity retail price index and the proportion of tertiary industry from 2002 to 2017, this paper constructs a multiple regression model to analyze the main influencing factors of China’s total foreign trade. The empirical results show that there is a positive relationship between the commodities retail price index and the total foreign trade, a negative relationship between the proportion of tertiary industry and the total foreign trade, and a positive relationship between the exchange rate of RMB (taking US dollar as an example) and the total foreign trade. On the basis of empirical analysis, the paper puts forward suggestions on relevant financial policies.
Cite this paper: Zhang, S. , Dai, Y. and Lai, Y. (2019) Empirical Analysis on the Influencing Factors of China’s Total Foreign Trade. Journal of Applied Mathematics and Physics, 7, 1421-1428. doi: 10.4236/jamp.2019.77095.
References

[1]   Chang, Y., Li, Z.Y. and Zou, Y. (2011) Study on the Factors Affecting China’s Foreign Trade Imports. Journal of Jilin Normal University of Engineering and Technology, 27, 61-67.

[2]   Zhang, X.J. (2016) An Empirical Analysis of the Influencing Factors of China’s Total Import and Export Volume. China Market, 11, 173-175.

[3]   Chen, X. (2018) An Empirical Study on the Impact of Exchange Rate Fluctuation on China’s Trade Export Volume. Ph.D. Thesis, University of Electronic Science and Technology, Sichuan.

[4]   Xiao, Y. (2010) An Analysis of the Impact of RMB Exchange Rate Change on China’s Foreign Trade. China Business and Trade, 23, 184-185.

[5]   Deng, M.H. and Zhu, D.Z. (2018) Study on the Influencing Factors of China’s Commodity Export Based on Multiple Regression Model. Journal of Shanxi Energy Institute, 31, 118-120.

[6]   Yang, F.M. and Cheng, K. (2018) Financial Development, Scientific and Technological Innovation and Import and Export Trade: An Empirical Analysis Based on Provincial Panel Data. Research on Technology, Economy and Management, 8, 71-77.

[7]   Zhang, X. (2018) Empirical Analysis on the Influencing Factors of China’s Commodity Imports. China Commerce, 2, 81-82.

[8]   Wang, C.Q. (2018) An Empirical Study on the Influencing Factors of China’s Foreign Trade—Based on the Macro Perspective. Economic and Trade Practice, 7, 212-214.

[9]   Li, F.B. (2019) An Empirical Study on the Influencing Factors of China’s Import. Cooperative Economy and Science and Technology, 4, 88-89.

[10]   Bao, G.D. (2019) Exploration of the Current Situation and New Trends of International Trade. Modern Marketing (Late Issue), 1, 29.

[11]   Ma, Z.Q. and Jin, H. (2018) An Analysis of the Imbalance of China’s Foreign Trade Structure. Times Finance, 24, 7.

[12]   Wei, X.X. (2018) An Empirical Study on the Impact of RMB Exchange Rate Expectations on Cross-Border Capital Flows. Regional Financial Research, 11, 69-76.

 
 
Top