Differences In Technology Trading In Different Regions And Economic Growth

Since reform and opening up, China’s economy has always maintain a high level ofgrowth, and economic development has made great achievements. But there are still someproblems in front of us, global competition is becoming increasingly fierce and economicenvironment are facing more complex and turbulent challenges, in these conditions, canChinese economy keep growing? How long can China’s rapid growth continue? Theseproblems not only is the concern of our government and academics, but also the people ofmany other countries in the world. If you want to get answers to these questions, you mustfirst figure out what is the source of China’s economic growth? How to maintain anddevelop the momentum of China’s economic development? Many researchers have claimedthat China’s economic development depends mainly on institutional reform and materialcapital accumulation. Judging from the current situation, these factors do still have thepotential to promote China’s economic development, however, the potential is limited andthe cost is too high. According to the endogeneity growth and exongeneity growth theory,technology is main promoting factor and source of China’s continuous economic growth.From the type of contract in technical trading, empirical studies are conducted on thetechnical trading activities and regional economic growth using panel data model and thedata on technical trading turnove and GDP in31provinces(cities, districts). Then all thecountry is divided into three parts, the eastern, central, and western regions, and the paperanalyzes the influence to economy grow from different types of transactions in differentregions. Finally, according to the results of the analysis and the region economical level,the paper puts forward the specific policy proposals in order to promote all areas oftechnical trading levels, narrow the gap between the economic level and ultimatelypromote regional economic development.The empirical results show that technical trading has become the driving force andsource of China’s economic development, and greatly promoted the economic increase ofdifferent regions. From the four types of technology contracts as a whole, Guangdong,Shandong, Jiangsu and Zhejiang Province have been ranked in the top four in the role ofpromoting economic growth and Qinghai and Tibet have always been in the lowest level.At the same time, there exists gaps in promotion between technical trading and GDPgrowth in the eastern, central, and western regions. The promotion of technical tradingplays an active role in region economic development. However, because of the total ofGDP in the eastern part is larger and the technical level is lower, the promoting role ismore obvious in the central region.