| Regional economic cooperation is one of the most significant characters of contemporary world's economic development. With the closer economic relation in Northeast Asia, the inter-dependence of countries in the region is evidently enhanced; the attracting Northeast Asia economic trade cooperation will further strengthen the regional economic development and the relation of Sino-Korea economic play an important role in regional economic cooperation. On August 24th, 1992, China and Korea established the diplomatic relations, after this, the two countries' cooperation is fast and spread over economic field, which is successful and surprising. The two countries basically realize win-win situation, Korea has not also successively make industrial structure regulate and transfer, but also occupy the Chinese market. While cities in Jiaodong Peninsular introduce a great deal of Korean fund and instruments, explore the region successively and release the pressure of finding jobs, and hold advanced technology, and deduce the disparity from world's advanced level. Especially from 2003, China and Korea have established all-round cooperation partnership, economic and trade cooperation is fast developed, and from July,2004, China has become the first trade cooperation partner instead of America. So far, China is the first trade country of Korea, and Korea is the third trade country of China. Complementary trade structure between Korea and China form closer economic relation, and geology, history and culture is the supplement for Sino-Korea economic relation. The respect is brilliant but the way is not smooth. With the intercourse of the two countries expanding, trade friction and dissension appear which are increasing in the past years. If we cannot solve the problem of trade division of labor, trade payments, trade barriers and product competing, it will discourage the development of China-Korea economic relations, and then it will influence the economic development level, living standard and the cooperation of Northeast Asia.This thesis is divided into four parts:Part 1 mainly introduce status quo of Sino-Korea economic relations' development from trade, investment, technology and service trade aspects. Refer to the situation of economic relations of two countries presently, Sino-Korea trade scale is increasing incessantly, developing speed is surprising, the export of China to Korea is dramatically increased, trade structure of two sides change significantly; Concerned with the investment between the two countries, Korean companies' investment increase dramatically, the speed of increasing is rare in other countries and direct investment occupy a bigger position. Korean investment in China has some characters, such as small company occupying big percentage, labor intensive industry. This characters is related with the reason that Chinese labor is less expensive, but also because Korea as a newly industrialized country is regulating industrial structure; From the region aspect, Korean corporation investment centralize in Northeast and Bohai sea in China, there is also a trend to the Southeast metropolitan in China. China investment in Korea is increasing, but Chinese investment has disadvantages, such as the number of project is excessive but the scale is lack; from the technology and service trade situation aspect, recently, in technology, especially in IT, cooperation of the two sides is enlarged. Part 2 introduce the problem existing in Sino-Korea economic relation. In trade field, competition in market is tougher, trade between two countries is imbalanced. Chinese trade deficit is serious, and trade friction is successive, trade barrier is serious, too; in investment area, Chinese policy on oversea investment is incomplete, the factors which influence Korean direct investment in China include enterprise credit, raw material supply, non-performing instruments of transportation and communication, incomplete law and opacity of execration. There are some errors of Korean enterprise investment strategies in China, including low localization of company, lack of long-term strategic investment, conservative on technology and investment.Part 3 analyzes the beneficial factors to promote Sino-Korea economic relations. Although there are deficiency existing in the relationship, the two countries generally solve the problem with cooperation and develop friendly. Firstly, world economy especially the Asian-Pacific Region fast developing trend is beneficial for Sino-Korea economic relation cooperation. Secondly, it is adapted with the trend of economic regional cooperation speeding pace. Thirdly, China enters WTO, and give the relationship new opportunity. Forth, Korea recognized Chinese socialist market economy. Fifth, Beijing Olympic Games and Shanghai World Expos promote the cooperation. Sixth, Chinese development policy promotes the Sino-Korea cooperation. Seventh, political relationship is rising. Eighth, China and Korea free trade area is the trend.Part 4 gives some suggestions on Sino-Korea cooperation.Suggestions on promoting trade of the two countries include: reasonably solving trade deficit. So China and Korea should strengthen two-side consultation, solve the friction of Sino-Korea trade friction, constructs Korea-China information shared system to strengthen intercourse of the two countries. Improve the export credit assurance system in order to expend two countries export number to provide protection. Korea and China should pay attention to cultivate professional persons on economic and trade; hold the opportunity and realize the Sino-Korea economic and trade strategy advanced.This thesis also gives suggestions on Korea-China investment. The measures China take is following: improve the investment environment in China, take advantage of the foreign investment to improve Chinese enterprises' competition, and improve the whole strength of Chinese economy; further the cooperation with Korean famous multinational company and take use of their brand influence. The measures Korea should take is as following: hold the Chinese reforming and opening opportunity to explore Chinese Big Market; Regulate Chinese invest project, pay attention to the localization; take part in the Chinese revitalization of the northeastern old industrial bases, the rising of central China and Development of Western China and take use of the preferential policies to expedite development.In addition, the author suggests underwriting FTA soon. For one thing, international trade theory improved the necessity. Besides, it is to cater for the need of world economy development. Finally, it is the need to speed cooperation of the two countries and promote the economy development. And it is necessary for enterprises and people of the two countries to improve living standard. The status quo is that China and Korea are contributed to establish FTA. The establishment of FTA is no wonder to promote the economic cooperation and Northeast Asia economic integration. |
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