The Impact Of International Economic Fluctuation On China 's Economic Growth

With the development of economic globalization and the prosperity of international trade,each country participating in international trade is no longer an independent economic entity.The economic activities of different countries and regions are gradually integrated.Opening to the outside world is one of China's basic national policies.To open up to the outside world is to make full use of foreign capital,introduce advanced management experience and science and technology from abroad,enable China to fully enter the international economic market,and promote domestic and foreign production factors and economic output.Can smoothly flow between countries,and ultimately promote China's economic growth.Therefore,China's economic growth process has always been accompanied by the gradual integration of China's economy into the world economy.At the same time,foreign economic fluctuations will also increase the impact on China's economic growth as China continues to accelerate its integration into the world economy.deepen.In recent years,apart from internal factors such as infrastructure construction,upgrading of industrial structure,advances in science and technology,government policies,and the extent of China's opening to the outside world,China's economic growth has gradually become an impact on China's economy.As an important factor for growth,it is more meaningful to study the path of international economic fluctuations that affect China's economic growth.This article is based on relevant economic indicators released by the International Monetary Fund(IMF)database(Global Exchange Rate Index,Global Interest Rate Index,International Price Index,Global Trade Index,Global Economic Growth Index,and Domestic Exchange Rate Index)and the five China National Bureau of Statistics released The indicators(GDP,domestic interest rate index,consumer price index,total retail sales,and China's export trade index)were used for research.The direction of the international economic fluctuations on China's economic growth path was selected.The first quarter of 2001 was selected.In the fourth quarter of 2016,various international and domestic factors affecting China's economic growth were analyzed as time scales and a simultaneous equations model was constructed,and parameters of the model were estimated.Based on the above studies,this paper draws the following conclusion: On the five factors of international economic fluctuations,global exchange rates and global economic growth have the same effect on China's economic growth.The rise of these three indicators will promote China's economic growth.On the contrary,this A decline in the three variable indicators will inhibit China's economic growth.On the other hand,rising international commodity prices will have an adverse impact on China's economic growth.