A Research On The Dual Margin Of High-tech Products Trade Between China And Japan

As time goes,the high-technology industry has become the core of the country's technical strength,countries pay more attention to it gradually.The development of high-tech industry has increasingly become an important indicator to measure national power.Since China's accession to the WTO in 2001,Chinese high technology products have occupied the largest share of the market in the world.From the reform and opening-up policy to nowadays,the government has formulated a series of policy,including "Torch plan" in 1988."rejuvenating trade through science and technology" and"made in China 2025" plan,which all emphasize the importance of the high technology.As a developed manufacturing country,Japanese high technology products trade is in surplus almost every year.Although Japan is in recession and the hi-tech industry is facing great challenges in Japan,there are many advantages worthy of our learning.Now the exports of Chinese high-tech products are increasing day by day.The scale of bilateral trade between China and Japan is also expanding.As an important industry,the position of the hi-tech industry is raising in bilateral trade between China and Japan.Therefore,it is necessary to study high technology products of bilateral trade between the two countries.Through comparative analysis between China and Japan,we can find some problems existing in the exports of hi-tech products.In addition,the writer puts forward some suggestions to improve the bilateral trade and accelerate the conversion from "made in China" to "made in China wisely".With the development of international trade theory,the new trade theory(NTT)has changed the traditional trade theory hypothesis,which studies international trade from the microscopic view.They build the model not on the basic of "enterprise homogeneity assumption",but "heterogeneity".As a major part of NTT,the binary marginal theory of trade growth believe that the trade growth is the result of intensive marginal(IM)and extended marginal(EM).Based on the new trade theory,the author studies dual margin of high-tech products exports between China and Japan in 1992-2015 using the Standard International Trade Classification(SITC)rev.3 five codes.Through the analytics of the current situation of hi-tech products exports between China and Japan,this paper gets the following conclusions:From 1992 to 2001,Sino-Japanese bilateral trade increased slowly.Since China joined the WTO,China-Japan high-tech products export has increased rapidly.China gradually increased competitiveness during 1992-2015.At the same time,the competitiveness of Japan showed a gradually weakening trend.The growth of Chinese high-tech products exports to Japan mainly depended on collective effect of IM and EM,intensive marginal is of significant effect.However,the Japanese high-tech products exports to China have also increased,but the effect of intensive margin has been reduced.Their exports increased mainly rely on expanding role in boosting marginal.In order to explore the causes of China-Japan bivariate marginal changes,this paper analyzes the influences of some factors on IM&EM by constructing a VAR model.These factors include economic scale,productivity,cost of bilateral trade and multilateral trade bilateral.The analysis shows that:during 1992-2015,the wave that the factors which include economies of scale,multilateral trade resistance effect bilateral trade cost on Sino-Japanese IM&EM is different.At last,on the basis of above analysis,this paper puts forward several suggestions to improve bilateral high technology products trade between China and Japan.Our country should adjust the structure of the hi-tech products export and increase input in hi-tech research and innovation,ensuring the bilateral trade environment,In addition,it is important to strengthen the policy supports to promote new products exports.