The Study On The Interactive Feedback System Of Trading Structure And Industrial Structure In China

Under the open economy environment, the coordinated development of internal and external economy could ensure the healthy and stable development of the county or region economy. The economic strength of this country or region is directly determined by the development of industrial structure in the internal economy. While, in the external economy, the level of trade structure sufficiently reflects the industry competency of the county or region. In relation to china's industrial structure, the discordant growth of the three times industry development restricts the international competitiveness and the rapid achievement of industrialization. For the composition of foreign trade of China, as the advantageous Resources could not be developed sustainably, the un-sustainability of composition of foreign trade heavily restricts the sustainable economic development and the upgrading of industrial structure.Through defining the concepts related to structure of trade and industry structure, the paper first briefly summarizes the decisive factors and obtains the approach and mechanism of interaction between them. Then the article summarizes the coupling of the both in the historical development and presents the main problems in the development process according to chief stage and current situation of the structure of trade and industry structure. In addition, this article has an empirical study on the feedback mechanism of the both at the micro moderate and macro aspects, using the panel VAR, relevance analysis and the establishing structure indicator.Based on the analysis of the theory part and combined the empirical test of China enterprise data, manufacturing internal subdivision industry data and the industry data. The following conclusions can be drawn.(1) Comparative advantage, factor endowment, technology gap and Product Life Cycle are the decisive factors of the China external trade. It also has been shown that demand factor, natural resources, production factors, economic structure, economic policy are the decisive factors of the industry structure. The study has demonstrated that the composition of foreign trade could impact the industry structure by changing the demand elasticity of product and elasticity of supply of elements, improving the associative way of industry and promoting the technical progress. While the industry structure is the foundation of foreign trade structure, what's more, its competitiveness is reacted through foreign trade structure.(2)Through building index of the trade structure and industrial structure, this paper analyses the relationship between them from macroscopic perspective, and finds, the changes of the industrial structure is the reason for the changes of the export structure, the changes of the export structure is not the reason for the changes of the industrial structure, the changes of the import structure is not the reason for the changes of the industrial structure, the relationship between the change of import and export structure is not strong. This is mainly because of our country's export structure is still labor-intensive products, which is lack of competitiveness in the international market, and although our country imports a lot of new and high technology products, but still can't get the core technology from the developed countries, just do the final product processing, which can't favorable promote the upgrading of the industrial structure.(3) Through the study of the relationship between export structure and industrial structure in the manufacturing, the paper finds:No matter from the whole or stage to see, the related coefficient between foreign trade structure and industrial structure in Capital intensive industry greater than labor intensive industry. And in different stage, the change of export structure and industrial structure is also different. With the development of economy, the correlation between export structure and industry structure is stronger in capital intensive industry, while the correlation between imports structure and industrial structure is down gradually.(4) In spite of the interaction between the foreign trade structure and industry structure, for the current situation of foreign trade structure and industry structure of China, it is notable that the both could not have an effective promotion or optimization by each other. The study shows the export structure has a little positive effect from the impulse response; however, the duration is very short and the Industrial structure has a weak influence on the export structure. So we can conclude that the mutual pull function of the both is not obvious. The paper also finds, the role of export structure on the industrial structure is very strong in labor-intensive industries, but "pharmaceutical manufacturing" that is the most representative in technology intensive industry, the positive influence of the export structure on the industrial structure is the weakest.