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The Empirical Analysis on the Potential of the Trade Between China and Central Asia and Inspiration under the Background of the Silk Road Economic Belt
Author(s): 
Pages: 43-46
Year: Issue:  9
Journal: Xi'an Finance

Keyword:  the Silk Road Economic Beltcentral Asiaforeign tradegravity model;
Abstract: Using the gravity model, selecting the national panel data from 2007 to 2014, the paper estimates the potential of the bilateral trade cooperation between China and the central Asia, evaluates the actual situation of the bilateral trade between China and the central Asian countries, and analyzes reasons for influencing the trade development and hindering the trade potential release. From the trade structure, distance and other practical situation, the potential of the trade between the East Asia and China is great. From the internal factor analysis, the weak open industry foundation, insufficient leading enterprises with the ability of "going out", lack of trade exchange construction and the laggard trade software and hardware service system will place a great effect on the trade. Finally, the paper suggests that measures should be taken to continually expand the cooperation fields and strengthen the opening up for those central Asian countries with a greater development potential so as to further explore and release the trade potential.
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