Factors Analysis Of Chinese High-tech Exports

Since the late 20 th century, science and technology gained rapid development. With the scientific innovation, high-tech industries get promoted, which has developed into a dominant force for the economic growth on a global scale in the respective countries. By2015, the global high-tech industry output value accounted for 18% of global manufacturing output, which is far more than 10% in 1986.Competition among countries is the high-tech and technological personnel. Considering this competitive nature of the current, therefore all countries in the formulation of economic development strategies always take developing high-tech industries as a strategic focus, as a strategy to ensure economic security. High-tech industry has become the vanguard of exploiting international trade market. In the 21 st century, China has constantly improved the level of economic development and the structure of economic. In this case, traditional manufacturing gradually plays a weak role in economic development, as the advantage of cheap labor in China has gradually shifted to the development of Laos, Vietnam and other places. The market share of low-end manufacturing drastically reduced. Meanwhile, the "Thirteen Five" plans to accelerate the transformation of economic development and industrial restructure. It requires enterprises to enhance scientific and technological innovation,accelerate the development of high-tech industry. All the tasks are facing new opportunities and challenges. Such as Germany, in order to strengthen industrial competitiveness, the government of Germany issued industrial 4.0 policy. The export of high-tech products in China accounts export of goods a stable proportion. And the export of high-tech products has become one of the main forces of China’s import and export trade in 2013.China’s export of high-tech products is up to $ 660.3 billion, accounting for total exports 29.9%.In2014, China’s exports of high-tech products grew steadily to $ 660.4 billion, accounting for28.2% of total national exports.In the double pressure of opportunities and challenges, China’s high-tech industry needs to put the responsibility leading the development of manufacturing industry on its shoulder. The heavy responsibility is to lead the development of manufacturing industry moving forward. How could high-tech products maintain export competitiveness and create more value? To enhance the sustained competitiveness of Chinese high-tech products, we need to objectively look at the rapid growth of exports of high-tech products,expanding market share. We need systematically analyze the factors promoting high-tech products export growth. And we must be clear that how do the factors effect high-tech products export. Then, in view of the factors, we could determine competitiveness strategyof high-tech products export. High-tech industry assumes a new and important historical mission. Therefore, this topic has economical, practical and theoretical value.On the basis of previous studies, this paper takes both Chinese economic environment and technological progress on high-tech exports as the research object. The paper stands in the perspective of developing countries, on the basis of theoretical analysis, we select patent authorization quantity, R & D investment, the RMB against the US dollar, China’s GDP as variables. And it attempts to establish export factors empirical model. Then,establish the VAR model and variance decomposition analysis to analyze affecting factors of high-tech exports. After analyzing the factors affecting the export of high-tech products,we will propose macro and micro level suggestions for China’s high-tech industry trade policy. In that case, the policy could enhance the competitiveness of China’s exports of high-tech products, improve international market share is important.