Research On Restrictive Factors And Effects Of Intra-Product Specialization

Intra-product trade theory, as in the forefront of the development of internationaltrade theories in the21st century, has gotten concern of more and more scholars allover the world.Many scholars’ researches have shown that intra-product trade is themain method of the growth of international trade in the future.As the world’s largestdeveloping country, studying the influence of intra-product trade in China is of greatsignificance. This article, under the guidance of intra-product trade theory and thehelp of empirical analysis, will learn the effects of intra-product trade on differenttypes of industries in China.Based on many domestic and international trade theories and researches, China’s5major industries have experienced a smoothly development in intra-product trade.According to empirical research, the study found that capital-intensive industry, bothin trade volume and speed of development, are ahead of the labor-intensive industries.At the same time, the empirical results support the economic globalization is the mostimportant factor affecting intra-product trade.