Empirical Analysis Of China’s Foreign Trade And Economic Growth

In 2008 the US financial crisis led to a sharp slowdown in global economic growth. Since its effect is also reflected in all aspects of economic life. In our country, the financial crisis mainly affects China’s import and export trade. Therefore, this paper argues that the financial crisis will affect China’s import and export trade to economic growth. This paper firstly introduces the process of the financial crisis and China’s import and export trade in the crisis situation, this paper put forward the research direction and focus. Then from the financial crisis of import and export trade and import and export trade and economic growth relationship of previous literatures were summarized, every aspect and to foreign and domestic according to the standards of classification, more conducive to comb our previous literature context and coherent. After the combination of previous literature research, this paper analyzes the mechanism that how the financial crisis impact the import and export trade and import and export trade on the basis of the role of economic growth. This paper argues that the financial crisis mainly influences the export trade through the income mechanism and the exchange rate mechanism. Import and export through various channels affect the development of the national economy, and the impact of the financial crisis before and after the occurrence of a significant change. In view of this change, this article selects the 1995 to 2014 quarter of customs data on the theoretical analysis of the results and that the econometric test. The empirical test is divided into two parts, the first part of the distinction between processing trade and general trade, the double difference measurement model of financial crisis will affect China’s import and export trade for inspection, the results were consistent with the expected relationship; the second part of this paper uses cointegration model analysis of China’s import and export trade and economic growth. The results show that import trade, China’s export trade and import and export trade and economic growth there is a long-term equilibrium relationship, this paper selects Chow test method and the empirical test of the financial crisis and changes in China’s import and export trade contribution rate shows that whether import trade or export trade decreased the contribution rate of economic growth to some extent, China’s import and export trade has changed the role of economic growth, the empirical results Is analyzed and discussed. Finally, on the basis of the above qualitative analysis and quantitative analysis, this paper analyzes the China’s import and export trade faces in the new world economic situation and on China’s import and export trade in the future how to sustainable development and how to long-term stability for China’s economic growth power put forward relevant countermeasures and suggestions.