The Evolution Of Commodity Trade Patterns And Its Business Model Innovations

Commodity trade plays a very important role in the world economic development. In international commodity trade, China occupies a high percentage share of world trade. But due to lack of pricing power which the market immaturity leads to, China has not been holding a strong position in this game. With the development of the world economy integration, countries around world start a fiercer competition about commodity resources. In this situation, Chinese commodity trading patterns and business models need to be improved.Evolution of the trade patterns and business model innovations, in essence, are the processes of reducing transaction costs, avoiding price risks and improving transaction efficiency. From these three angles, this paper starts its research.In order to achieve the objective, this paper selects some typical regions and Markets:Modern European, modern and contemporary Chicago, the beginning of reform and opening up China, the world and China in contemporary, etc. They were analyzed in their own characteristics and typical business models. And through the contrasts between ancient and modern, Chinese and foreign, other countries with each other, this paper summed some basic elements of commodity trade evolution and rules of business model innovation process. According to these, we can make recommendations for the future of our country to build a new commodity markets.Based on the results above, combining with the current situation in our country, the paper proposes some recommendations:firstly, to develop the commodity e-commerce and make a electronic platform for domestic and overseas markets; secondly, to improve Chinese commodity futures varieties and expand the trading hours; thirdly, to keep the relationships proper between the government regulations and market evolution or business model innovations; lastly, to develop the logistics, finance and other infrastructures.