Empirical Analysis on the Influencing Factors of China’s Total Foreign Trade

Autor:	Songyan Zhang, Yeling Dai, Yuefu Lai
Rok vydání:	2019
Předmět:	business.industry media_common.quotation_subject Financial market Commodity International trade Recession Exchange rate Price index Negative relationship Economics Renminbi business Tertiary sector of the economy media_common
Zdroj:	Journal of Applied Mathematics and Physics. :1421-1428
ISSN:	2327-4379 2327-4352
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::134d42d804e1e4302776b77b125934e2 https://doi.org/10.4236/jamp.2019.77095 Zobrazit plný text záznamu