Comparative Analysis Of Sino-british Bilateral Trade

Economic globalization has accelerated the pace of communication and cooperation among the countries in the world. As a result, many countries expanded the support on bilateral trade with foreigners, of course, China is no exception. The bilateral trade between China and UK has a long history during their economic development, but the Sino-British bilateral trade which is accounted for the proportion of China’s foreign trade and the United Kingdom are relatively low. In recent years, the relationship between the two countries can be said as stability polity and friendly relations. In order to alleviate economic recession caused by the debt crisis, United Kingdom enhance the economic cooperation with the countries which economic situation in a good state, such as China. To promote the process of the RMB internationalization, China and UK expand political and economic trade exchanges. The increase of bilateral trade between the two countries is reflected not only in the expanding scale of bilateral trade and the improvement of trade structures, but also in the enhancement between the interdependence of the two countries and the links between each other. Due to their different characteristics in resources, industrial structure and so on, the bilateral trade between China and UK is highly complementary in many industries. Therefore, it is necessary for the two countries to know that enhance the economic and trade relations between China and the United Kingdom plays an important role in the development of bilateral economic and trade.From the development of Sino-British bilateral trade in recent years, this article first analyzes the Sino-British bilateral trade in scale, product structures, as well as a series of problems the two countries faced in the development process. Secondly, this paper examines the complementarity and competitiveness issues on the trade goods and the structure of trade between China and Britain. Then we can find out the competitive advantages and competitiveness of China’s products trade with other countries. Finally, it gives many valuable countermeasures to improve our competitiveness and promote Sino-British exchanges and cooperation. The continuous development of Sino-British trade is needed for the United Kingdom to strengthen cooperation with foreign countries in response to the plight of Europe’s debt crisis the need. And it is necessary for China to promote the progress of RMB by making full use of the status of Britain’s financial center. Most importantly is that it is the need for the two countries lasting economic prosperity and mutual benefit. The development of the Sino-British economic and trade cooperation between the two countries is not only conducive to their economic interests, but also conducive to the promotion of the world. A certain amount of experience can be gained by other countries during the bilateral trade with China. With the development of Sino-British trade, China must seize the opportunities arising from the process of bilateral cooperation actively, and deal with the international situation challenges. We should continuously improve the enterprises’ independent innovation capability and international competitiveness of product. It is important to realize the development of China-EU trade and China world trade, relying on China-UK bilateral trade growth.