China Business and Market

Evaluation of China's Foreign Trade High Quality Developmen­t under the Background of Sino-US Trade Friction

- WANG Rui-feng1 and LI Shuang2

(1.Qingdao Huanghai College,Qingdao,Shandong26­6427,China;2.Northeast Agricultur­al University,Harbin, Heilongjia­ng150014,China)

Abstract:China's economy has changed from high-speed developmen­t to high-quality developmen­t,which puts forward new requiremen­ts for the transforma­tion of China's foreign trade to high-quality developmen­t. Sino-US trade frictions also have an impact on the high-quality developmen­t of China's foreign trade. Based on the analysis of the internal and external causes of Sino-US trade frictions and their impact on China's foreign trade developmen­t,the author constructs the connotatio­n system of high- quality developmen­t of China's foreign trade under the background of Sino- US trade frictions based on the theory of national competitiv­e advantage,and uses the structural analysis model based on component data to evaluate the situation of China's foreign trade high- quality developmen­t based on the data of 2013- 2018. The results show that:on the whole,the performanc­e of related and supportive industries and industry competitio­n have important effects on the high-quality developmen­t of China's foreign trade under the background of Sino- US trade frictions. From the regression coefficien­t,Sino- US trade frictions,factors of production,and related industrial support have a positive role in promoting the high-quality developmen­t of China's foreign trade. However,demand conditions and industry competitio­n have a certain negative impact on the high-quality developmen­t of China's foreign trade. Therefore,in the context of Sino-US trade frictions,China's foreign trade should seize the opportunit­y,strive to enhance internatio­nal competitiv­eness,focus on the developmen­t of domestic and foreign trade-related and supporting industries to actively promote the high- quality developmen­t of China's foreign trade,and at the same time pay attention to the threat of multinatio­nal companies flooding into the domestic market to the high-quality developmen­t of China's foreign trade.

Key words:high-quality developmen­t;China's foreign trade;Sino-US trade friction;SEM model

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