A Study on the Factors Influencing the Competitiveness of Small Commodity Export Trade in Yiwu City and Development Strategies
DOI:
https://doi.org/10.54097/kpk9fh27Keywords:
Small commodity industry; measurement analysis; influencing factor; competitiveness.Abstract
Yiwu City, as the world's largest small commodity distribution center, has developed the world's most comprehensive small commodity production system based on China's vast industrial production system and high-quality cheap labor. However, with the continuous development of China's industrial upgrading and the constantly changing international situation, the small commodity industry in Yiwu City is also facing the contradiction of maintaining its current production positioning and industrial upgrading. Therefore, this article will establish an econometric model for the influencing factors of the small commodity industry in Yiwu City. Based on the research of previous scholars and the author of this article, four variables, namely GDP, exchange rate, annual average wage, and actual utilization of foreign investment in Yiwu City, will be selected for econometric simulation. Finally, it is concluded that, except for the actual amount of foreign capital, the other three variables can promote the export competitiveness of the small commodity industry.
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