Research On The Influencing Factors Of China’s Manufacturing Export Trade To Asean Under The Background Of Digital Economy

At present,China is actively promoting the transformation of digital industries,changing the mode of economic development,and striving to leapfrog development.With the spread of the new crown epidemic,the demand for the digital economy in the manufacturing industry is increasing.Therefore,in-depth research on how to optimize the manufacturing structure of the digital economy has extremely important theoretical and practical significance for the restructuring of China’s manufacturing industry and the overall economic development.Taking the digital economy as the background,this paper focuses on China’s manufacturing export trade,selects ten ASEAN countries as research objects,uses the panel data from 2000 to 2021,firstly,constructs a digital economy index system,and uses principal component analysis to measure the development level of digital economy in ASEAN countries;Secondly,the stochastic frontier gravity model is used as the main model,and the trade inefficiency model is used as the secondary model.The above-mentioned measurement of the development level of digital economy is used as the impact index of trade inefficiency items to explore the influence path of China’s main driving factors for ASEAN’s manufacturing export trade under the background of digital economy.It is found that from the perspective of the influencing factors of trade potential,the per capita economic size gap,population size and common language of the trading parties are the main factors promoting trade potential,and geographical distance has a restraining effect on trade potential.From the perspective of the driving factors of trade non-efficiency items,the level of digital economy development,air transport index,trade openness,government integrity and trade facilitation are the key factors to improve trade efficiency,while liner connection index,financial freedom and government stability have inhibiting effects on trade efficiency.Based on the above conclusions,this paper puts forward the following suggestions for China’s manufacturing exports to ASEAN countries: China helps ASEAN countries to strengthen information infrastructure construction and promote trade under the background of digital economy;Jointly cultivate digital innovation professionals and promote industrial development;Promote transportation infrastructure construction projects and improve transportation facilitation;Give full play to the heterogeneous advantages of China’s manufacturing exports to ASEAN countries,carry out targeted cooperation between manufacturing trade and the ten ASEAN countries,and realize the complementary advantages of different countries and industries;Strengthen the construction of free trade zones with ASEAN countries and improve the level of trade facilitation.