Study On The European Debt Crisis On China’s Export Trade

World economic crisis occurred frequently in recent years. The United States subprime mortgage crisis broke out in2008, The Dubai debt crisis broke out in2009, Greece、Ireland、Portugal、Italy and other European countries occurred european debt crisis in2009. The EU is the main market and trade partner of China, has become China’s largest export market, is China’s trading partner, is also China’s largest technology import source and the second largest import market. The outbreak of the debt crisis in the EU, will do a great impact on China’s Foreign trade.At first I do research on causes and evolution path in the outbreak of the debt crisis, then empirical analysis the european debt crisis on China’s export trade. From the view of China’s export target country(region), select47countries(regions) according to certain standard, the47countries are as the whole panel, then divided the panel to two panels according to if the country is belong to European Union or not,20countries are the countries of the European Union and they are EU panel,27countries are not EU countries and they are non EU panel. Selecte indicators to analysis of the panels, the indicators are about income、exchange rate、foreign direct investment and financing constraints. In order to study the effects of the subprime crisis, join two dummy variables for analysis. Finally, comparative analysis of the three panels.The results of the research is47countries panel and non-EU panel’s results are similar, some difference between the EU panel. In all the influence factors,GDP growth rate, relative per capita GDP, exchange rate factors, the domestic banking sector credit growth has a significant effect on the three panels. Two financial crisis dummy variables Dt1,Dt2has significant influence in the three panels.