Problems Existing In The China And South Korea Trade Commodity Structure Analysis

Since the 1990s, economic globalization regional economic integration havemade rapid development, economic integration in East Asia has also made someprogress, but the current level of regional economic cooperation in East Asia is stilllow. As major forces in the East Asian economic integration, China and South Koreahave made great contributions, trade relations between the two countries playing animportant role in promoting good economic integration in East Asia.China and South Korea have made rapid development in bilateral trade sincethey established friendly and cooperative diplomatic relations on August 24, 1992.The growth rate of the bilateral trade between the two countries is higher than that ofthe two countries’total foreign trade. At present, China has become Korea’s largesttrading partner; South Korea is China’s third largest trading partner. Trade relationsbetween the two countries become ever closer and the degree of interdependence isalso increasing. From January to November 2010, South Korea and China’s bilateralimport and export amounted to $ 170.95 billion with increase rate of 35.1%. UntilJanuary 2011, China is still South Korea’s largest trading partner. With joint efforts,China and South Korea deepened mutual political trust, exchanges and cooperation invarious fields continue to expand, and coordination and cooperation become closer ininternational and regional affairs. This not only brings great benefits to the peoples ofthe two countries, but also has made important contributions to peace anddevelopment of Northeast Asia. Deepen bilateral cooperation in various fields and theestablishment of Sino-Korea free trade area is in line with the inevitable trend ofhistorical development of China and South Korea, are of very important andfar-reaching significance to prosperity and stability of Asia and the world.Sino-Korea Trade Commodity Structure directly reflects trade status and tradecontent between China and South Korea, specifically reflects economic and traderelations, terms of trade and distribution of trade benefits between the two countries,and also reflects the production and trade patterns between the two countries, thestatus of two countries in the international division of labor. With the rapiddevelopment of China and South Korea trade, Sino-south Korea Trade CommodityStructure has undergone many significant changes, the proportion of intra-industrytrade increases; there are also Inter-industry Trade with complementary nature andIntra-industry Trade in Sino-Korea Trade which is based on economies of scale anddifferences in intra-industry trade products, but the Vertical intra-industry trade is the main form in intra-industry trade. In recent years, Sino-Korea Trade CommodityStructure there is many problems in Sino-south Korea Trade Commodity Structure:Chinese products exported to South Korea have low technological content and lowadded value, China’s export products has little potentiality, which have a negativeimpact on Sino-south Korea Trade. More and more problems appeared in Sino-southKorea Trade structure has attract domestic and foreign experts’and scholars’attention.In Post-crisis era, the trade imbalance will once again highlight. This is decided by theeconomic development stage of the two countries. Both sides should not only adjustthe trade structure, but also strengthen cooperation and exchange at the same time topromote the healthy development of Sino-south Korea Trade.This paper starts with Sino-Korea Trade Commodity Structure as the startingpoint, after study on the analysis of a large number of data, calculation of dataindicators and objective reality, the author then summarizes the status of Sino-southKorea Trade Commodity Structure and problems exist, especially analyzes theproblems exist in Sino-south Korea Trade Commodity Structure, the reasons andimpacts, then put forwards some feasible idea of the optimization. In the end, theauthor makes a prospect of Sino-south Korea Trade Commodity Structure, which hassome practical significance to the development of Sino-Korea Trade.