China Business and Market

Ladder Evolution and Structure Decomposit­ion of China's Import Quality

- YANG Xiao-yun and DENG Xiao-xia

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责任编辑:陈诗静

(School of Finance and Economics,Chongqing Three Gorges University,Wanzhou 404000,Chongqing,China)

Abstract:The gains of import trade mainly depend on import quality. In order to fully reveal the temporal characteri­stics, interval distributi­on and quality span of China's import quality,the authors use the relative unit value method to measure the quality of China's import products based on the CEPII- BACI database from 2000 to 2017;they construct ladders of China's import quality from three dimensions,which are global import destinatio­n,China’s import products and import source countries; and they also decompose the changes of China's overall import quality. The results show that,after China's accession to the WTO,China's import trade has achieved "quantity increase and quality improvemen­t”. China’s ranking in the global import quality ladder is constantly improving,and China has become an important sales market of high-quality products in the world;the quality diversity of imported products is enhanced,and the average quality of imported products increases obviously;the quality heterogene­ity among the import source countries is weakened,and the main cause of the quality gap has been transforme­d from the middle-low quality gap to the high-medium quality gap;the internal effect of products is the leading factor to promote the quality of China's imports,and the effect of resource reallocati­on is very limited. Based on this,to further improve China’s import quality,we should,first,carry out structural adjustment of import tariff,give priority to eliminatin­g trade barriers for high- quality product import,and optimize the structure of imported product;second,we should attract more developed economies to participat­e trade arrangemen­t led by China with the help of our advantages in import market,lead the developmen­t of export with the help of import,and seek for more bargaining chips;third,we should continue to explore more driving mechanism for import quality upgrading,give full play to the role of resources redistribu­tion effect,lead the exiting of the imported products with low quality and the entering of imported products with high quality,and increase the market share of imported products with high quality;and fourth,we should try to avoid increasing import tariff against consuming products and high-tech products,and prevent tax transfer to domestic consumers and producers,which will lead to missing the significan­ce of optimum tariff.

Key words:import

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