Study On Export Value Added And Influence Factors In China's Manufacture Industry Product Exporting To The European Union

Since China's accession to the WTO,the economic and trade cooperation between China and the EU has been developing continuously.The trade balance as measured by traditional statistical methods has created the illusion of China's huge trade interest in China-EU trade.Therefore,this paper estimates the added value of China's manufacturing exports to the EU and studies the factors that affect the added value of exports.It has great theoretical and practical significance to study the real profitability of Chinese manufacturing exports to the EU.Firstly,this paper estimates the added value of the manufacturing industry products of China export to the EU from 2000 to 2014 by using the input-output model.The added value of China's manufacturing products export to the EU is continuously rising and the value-added rate of exports is at[39%,46%].It demonstrates that the actual trade profit which China have gained from the manufacturing industry products of China export to the EU is significantly different from the trade statistics obtained by traditional statistics.Secondly,this paper studies the factors that affect the value added of Chinese manufacturing exports to EU.Empirical results suggest that at prospective of the industries,the level of vertical specialization is an important factor affecting the value added of exports.The higher the level of vertical specialization in the industry,the greater the value added of exports.Comparative advantage factors,economies of scale,foreign direct investment,R&D and wage levels have a positive impact on the value added of exports.At the perspective of the EU member states,the increase of the GDP of China and various EU countries can boost the added value of China's manufacturing products export to the EU.Finally,This paper argues that if we want to promote the added value of China's manufacturing products export to the EU,we should promote the economic and trade cooperation between China and the EU,optimize and upgrade the industrial structure,give play to its comparative advantages,improve the labor productivity of the manufacturing industry,increase investment in research and development,raise the wage level,and attract high-quality personnel to promote added value of China's manufacturing products export to the EU.