Paper Review. "Research on the influencing factors of China’s export resilience"
Topic: Research on the influencing factors of China’s export resilience
Author: Jie Chuming (School of Management, University of Shanghai for Science and Technology)
Reference: Jie, C. M. (2022). Research on the influencing factors of China’s export resilience. China Price (01),40-42. doi: CNKI: SUN: ZGWJ.0.2022-01-013.
According to the previous literature, the author concluded, the main factors affecting the resilience of export trade are trade policy, export structure, mode of trade and foreign investment. Based on this, the author built a mode and develop quantitative analysis. Among these factors, the author thinks, the Chinese government is mainly through the adjustment of export tax rebate policy to cope with the export crisis. So, to a certain extent, the export tax rebate policy in the short term, beneficial to the improvement of the export trade's ability to resist crisis. As for the trade mode, this paper mainly focus on the processing trade exports. The author thinks that during the processing trade, the spill over will benefit the local firms to learn some new technology and skills. In terms of export structure, the author believes that the more complex the product structure is, the less negative the impact of trade shock will be. The effect of foreign investment on the resilience of export trade is mainly reflected in technological upgrading.
The empirical results show that the increase of application of export tax rebate policy, the complexity of export products and the proportion of processing trade can effectively promote export and improve the resilience of export trade to a certain extent. On the contrary, the more foreign investment the companies have, the less ability they have to resist trade shock.
The results show that the resilience of export trade is influenced by four main factors: the application of export tax rebate policy, diversification of export structure, the proportion of processing trade and the proportion of foreign-invested enterprises. The diversification of export structure, the export tax rebate policy and processing trade mode have a significant positive impact on the resilience of export trade. The foreign investment has a significant negative impact on the resilience of export trade.
