Study On The Trade Potential Of Export Between Fujian And Countries Along Route Of "Belt And Road"

Since the 2008 financial crisis,profound changes have taken place in the global economy.Although the rapid development of economic globalization,the world trade growth rate has begun to slow down,or even show signs of shrinking.China plays an important role in world trade,which has declined sharply due to the impact of the financial crisis.At this time,the"Belt and Road"initiative came into being.Fujian is not only an important port for China,but also a major foreign trade province in China.It should play a leading role in participating in the construction of the i"Belt and Road" strategy.Studying the trade effect between Fujian Province and the countries along the"Belt and Road"is of great significance not only for promoting the economic development of Fujian,but also for strengthening the common prosperity and development of China and the countries along the line.Based on the analysis of the economic and trade relations between Fujian and the countries along the"Belt and Road",this paper uses the stochastic frontier gravity model to add the factors such as cultural distance,political system differences and economic system differences that affect trade potential and trade efficiency from the perspective of institutional differences.Based on the one-step method,the export trade potential of Fujian and the countries along the"Belt and Road"is measured.According to the research results,this paper measures the polarization of trade between Fujian and major regions.Trade with Central Asia,the Commonwealth of Independent States and South Asia is more efficient,while trade efficiency with East Asia,Southeast Asia,West Asia and Central and Eastern Europe is at a lower level.Focusing on export trade in East Asia,Southeast Asia and West Asia can effectively enhance the overall export trade of Fujian Province.Finally,based on the research results,this paper proposes to promote Fujian's export trade from the implementation of inprovement free trade zone system construction,development core competitiveness,improvement of private enterprise security,and display of the culture exchanges.