Empirical Research On Intra-Product Trade Of Electrical Products Between China And USA

With the continuous development of world economy and the fast development ofinternational trade, a new way of international trade is used in the progress, which isdifferent from the previous inter-industry trade and intra-industry trade. It is named asIntra-product trade, and the trade product is subdivided into intra-product. Byseparating the producing progress into pieces and produce in the most inexpensivereligion, the factory finds a way to minimize the cost, maximize the benefits andachieve global optimization of resources at the same time. The traditional trade theorycannot explain the new phenomenon. Scholars in our country and abroad analyze thephenomenon, and form a system gradually.The openness of china is deepening and therefore it participates more in theinternational intra-product trade. But because of China’s own factor endowments andcomparative advantage, it is in the low-end processing manufacturing of the valuechain, and is less profitable. As the most developed country, USA occupies the part ofreseach, the manufactoring and marketing. The high value-added part is very easy tohave a monopoly position, and gets more profits. In the international division of labor,China must adjust its industrial structure, transit gradually to the high value-addedpart, so as not to be locked in the low-end product value chain.An important part of Sino-US trade is the electronic products. Between the twocountries, it is representative, and this research takes the electronic products as thebreakthough point of the trade between china and USA. Though the analysis of theintra-product trade between china and USA, this can conclude the characteristics,advantages and disadvantages, and this result can be a reference to China in theinternational trade. In the existing research, there is little research on Intra-productTrade of Electrical products between China and USA, so it is meaningful.There are six chapters in this research, including the introduction and the text.The introduction introduces the research idea, the theoretical and practicalsignificance of the research, and the present situation in China and abroad. Thesecond chapter reviews the theories within the trade, and summarizes thecharacteristics and the measurement of the products. The third chapter discribes thepresent situation of China-USA’s bilateral trade, including international trade,electronic products trade, and the intra-product trade between the two countries. Theforth chapter uses the historical data to measure the competitiveness in theintra-product trade between China and USA, and analysises the competitiveadvantages. On this basis,the fifth chapter uses the econometric method to study onthe influential factors, and carry on the regression analysis on the degree ofelectronics products trade. In the last chapter, this artical focus on China’sparicipation in the international intra-product trade, and put forward the policysuggestions according to the research.