Research On The Competitive And Complementary Of Trade Between China And The Main Countries Along "The Belt And Road"

With the President Xi Jinping visiting to the central and Southeast Asia in September and October 2013,the strategy of "The Belt and Road"arises at the historic moment.As the key areas of cooperation,"Five Links" is the development direction of national efforts.Among them,the"Unimpeded trade" will become the most easy to implement which do not involve the sensitive issues such as political and security,but it isn' t the easy to achieve the aim of "Unimpeded trade" between China and the regional cooperation platform that covers more than half of the population and involves most of the countries,so we must firstly research on the competitive and complementary between them,in order to provide theoretical basis for the trade development of China and the countries along "The Belt and Road".Based on this,adopting the quantitative and qualitative analysis,comparative analysis and induction,this article focus on analyzing the relationship of "Competition and Cooperation" between China and the countries along "The Belt and Road".At the beginning of the opening,the author firstly summarizes the background,purpose and significance of the topic,the research status at home and abroad,research methods,content and structure,innovation and shortage of this paper and so on;secondly introduces briefly the related trade theories such as the comparative advantage theory,factor endowment theory,national competitive advantage theory,the theory of intra-industry trade and so on.In the central part of this paper is the empirical analysis which is the top priority.Based on the research of trade scale,bilateral trade status,commodity structure between China and the main countries along"The Belt and Road",the paper measures and analyzes the competition and complementary between China and the 15 countries from the perspective of RTA index,TC index,ESI index,trade complementary index,inter-industry and intra-industry trade complementary index.The analysis result shows:in the view of bilateral trade,Malaysia,Russia,Singapore,India,Thailand take the top position in China' s foreign trade,and the trade volume is increasing generally,while the trade volume with five European countries is relatively small;the commodity structure is dominated by the advantages of their products;affected by natural factor endowment and the level of economic development,China' s comparative advantage industry is mainly concentrated in manufactured goods of SITC7+8+9,while the 15 countries are concentrated in primary products of SITC2+3+4,and China's overall competitive advantage are higher than 15 countries;in the view of export similarity,China has a similar product structure with three Southeast Asia countries(Malaysia,Singapore,Thailand),Poland and Czech,Romania and Slovenia,and there exist a higher competition between them,while there is no interest conflict between China and the rest countries;in the view of complementary relationship,China has a high complementary with the 11 countries except India,Singapore,Ukraine and Egypt;the inter-industry trade takes occupy the dominant trade mode in primary products trade,but in manufactured goods trade,the intra-industry trade takes the main position,on the whole,intra-industry trade occupy the dominant mode in the trade between China and the countries along "The Belt and Road".Based on the above results,this paper draw five policy implications at the end to promote the trade development between China and the countries along "The Belt and Road",that is,develop trade with each country step by step;enhance the complementary between China and each country by avoiding disadvantages;improve trade facilitation and liberalization by building a high standard FTA;construct a "Silk Road" currency area which take RMB as main currency to promote trade and investment liberalization and facilitation;achieve indirectly the "Unimpeded trade" target by strengthening policy coordination,facilities connectivity,financial integration and people-to-people bond.