Optimization and Transformation for the Structure of Chinese Export Commodities with the Theoretical and Empirical Analysis
Xu Hu
Abstract
Xu Hu
Abstract
Chinese export faces heavy pressure since the global economic crisis in 2008. Our primary commodities in the export commodities are lack of the trade competitive ability and comparative advantages but the advantages of the manufactured goods are focused to the labor-intensive fields and the capital intensive products are comparatively disadvantageous. Therefore,the structure of our export commodities should be transformed from the traditional static to the higher dynamic comparative advantages and trade competition,from the processing trade to the service trade and the industries are transformed from the East to the Middle West. All these are the key to realize the optimization and transformation of the export commodities
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Chinese export faces heavy pressure since the global economic crisis in 2008. Our primary commodities in the export commodities are lack of the trade competitive ability and comparative advantages but the advantages of the manufactured goods are focused to the labor-intensive fields and the capital intensive products are comparatively disadvantageous. Therefore,the structure of our export commodities should be transformed from the traditional static to the higher dynamic comparative advantages and trade competition,from the processing trade to the service trade and the industries are transformed from the East to the Middle West. All these are the key to realize the optimization and transformation of the export commodities
Key concepts: Comparative advantage, Competition (biology), Economics, International trade, Revealed comparative advantage, Capital good, Capital (architecture), Service (business)