Analysis On The Current Situation And Influencing Factors Of China’s Trade With Latin America

With the entry to the 21st century,China and Latin America relations have developed rapidly,from the primary stage of development to the deep-seated and all-round development stage,which fully reflects the economic growth of China and Latin America and the achievements of the joint efforts of the two parts.At present,China has become the second largest trading partner of Latin America,and Latin America also ranks fourth in China’s foreign trade region.Obviously,China and Latin America have become each other’s important economic and trade partners,but trade frictions between the two parts also exist.Therefore,under this background,it has great practical significance to analyze and study the current situation and influencing factors for the trade between China and Latin America.Starting from the influencing factors of trade between China and Latin America,the text selects the panel data of 10 countries in Latin America with close trade exchanges with China in recent years from 2010 to 2019 as a sample to study which factors have a relatively significant impact on China Latin America trade.Through the expanded trade gravity model,use STATA to do the individual solid-state effect regression analysis of the data.The results show that,Cultural distance has a significant impact on China Latin America trade,while direct investment and exchange rate have an impact on China Latin America trade to a certain extent after introducing other variables.In addition,the text also puts forward policy suggestions according to the regression results.