Analysis of Trade Symbiosis between China and Countries along the "Belt and Road"
DOI:
https://doi.org/10.54097/ijeh.v4i1.1397Keywords:
TheAbstract
Under the prevailing trade protectionism and the continuing downturn in the world economy, China has proposed the “Belt and Road” Initiative, so as to build a community of interests, responsibilities and destiny, leading countries to achieve diversified, balanced and sustainable development. The concept of symbiosis coincides with the Silk Road spirit of peace and cooperation, openness and inclusiveness, and mutual benefit and win-win situation, as advocated by the “Belt and Road” Initiative. In this context, this study selects trade data from 2011 to 2020 and measures the symbiosis trade relations between China and different regional countries along the Belt and Road in four dimensions: Complementarity, Competitiveness, Dependence and Integration. The results show that the trade competitiveness between China and the "Belt and Road" countries is weak, the trade complementarity is at a medium level, the trade dependence is generally high, and they have relatively close trade contacts. In brief, trade cooperation needs to be further strengthened. Finally, this study provides some policy recommendations to improve the trade symbiosis relations and perfect trade structure.
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