Study On The Factors Of China Services Exports

Since the reform and opening, the development of foreign trade, especially goods trade, has made a great contribution to China’s economic growth. In the context of the slow recovery of the financial crisis in the western developed countries and adjustment of industrial structure in China, among foreign trade, growth potential of service trade is released, with the growth of goods trade becoming slow. At present, because of the development of service industry and service trade, the proportion of the third industry in China has exceeded second industry, which falls behind the developed countries. As a new growth point of foreign trade, the development of service trade plays an important role in the optimization of economic structure and improvement of status in international division of labor, which has great strategic significance. So it is very significant and urgent to study factors which influence the development of service trade.Firstly, the theories and conceptions of service trade, factors which influence the development of service trade are discussed thoroughly. Then, the present situation of Chinese service trade is analyzed comprehensively mainly including the development of service trade, speed and service trade structure. Next the factors which influence the development of service trade are studied with instances. Firstly, the relation degree between the value of service trade export with the influence factors is calculated, among which the relation degree between the value of service trade export with the value of good trade export, per capita GDP, the value added of service trade, R&D personnel, the actual utilization of foreign capital, the total fixed assets investment in tertiary industry rank first 6 and are above 0.7. Secondly, the factors, the value of service trade export, which have the largest correlations is selected and analyzed their long-term effects and short-term effects with the export amount of Chinese service trade, with co-integration and error correction model from long-term and short-term. The result suggests that there is long-term co-integration between the two, whose deviation could be corrected in certain degree in a short time. Thirdly, the service trade export industries are classified with the type of factor-intensive to labor intensive industry, capital intensive industry and technology intensive industry. The differences among the correlations between the value of service trade export and the 6 factors above are analyzed, among which the service industry added value and the R&D staff have a great influence on service trade exports, especially on knowledge and technology intensive services trade exports. The actual use of foreign direct investment and goods trade export volume have a strong impact on trade exports, especially on labor and capital intensive service trade exports. Finally, advices that promote the development of trade in service are suggested according to the results of quantitative analysis.