The Contribution Of China's Foreign Trade To Economic Growth In The New Normal Economy

At present,the economic development of our country has entered the new normal,and China's foreign trade has entered a new period of development.Followed by a new phenomenon of foreign trade growth rate continued to be lower than the rate of economic growth,at this point,the contribution of China's foreign trade to economic growth is studied deeply.It is a new exploration of the key issues in the context of the new phenomenon in the new era.The contribution of foreign trade to economic growth has always been the focus of academic research,but it has not yet put forward the calculation formula and empirical methods.Therefore,in this paper,we use a number of traditional indicators to calculate,at the same time on the basis of considering the shortcomings of these indicators,and strive to objectively and accurately analyze the contribution of foreign trade to economic growth.This paper takes China's foreign trade and economic growth as the research object to analyze the contribution of China's foreign trade to economic growth.First of al,on the basis of reviewing the classical theory of the relationship between foreign trade and economic growth,this paper expounds the domestic and foreign relevant theoretical research,which is the theoretical basis of the research.Secondly,according to the relevant data,the chart shows the characteristics of China's economic development and the development of foreign trade.Thirdly,the paper analyzes the contribution of foreign trade to economic growth by using the theory of international economics.Finally,according to the results of calculation and analysis,the paper puts forward the corresponding policy recommendations for the development of foreign trade and economic growth.The study shows that,in terms of economic growth rate,economic structure and economic development mode,China's economic development is entering a new normal.The development trend of China's imports and exports of goods is not optimistic,but imports and exports of services have kept growth at a fast pace.Under this background,on China's foreign trade contribution to economic growth,including the foreign trade dependence index and net export contribution rate and pulling,the import and export of GDP elastic and correlation coefficient calculation analysis,found that in recent years China's foreign trade contribution to economic growth continues to decline,the foreign trade situation is grim.By optimizing the industrial structure,changing the mode of trade,opening up new markets and innovative trade policies and so on,constantly improve the level of foreign trade to cope with the grim situation of foreign trade.