| After the financial crisis broke out in 2008,the slowdown in global trade in commodities led to the re-emergence of new trade protectionism and the increasing trade frictions between countries.In this trade protection,China has become the world's major target countries to launch trade protection.India that takes the most trade protection measures against China in the trade protection takes protection policy,regardless of the Chinese economy or the negative effects of trade can not be ignored.However,due to the data acquisition and empirical methods to select the above difficulties,empirical study of the financial crisis since India's various trade protection measures on the impact of China's trade literature is quite lacking.Though,this paper uses the Global Trade Early Warning Organization(GTA)database to analyze the impact of India's trade protection measures in China since November 2008 on the basis of statistical difference GMM method.Statistics show that the number of trade protection measures imposed by China in India is fluctuating,what's more,the yellow measures are increasing in recent years,which indicates that China's future threat of trade protectionism in India will also increase.From the type of measures,trade remedies,local content requirements and trade finance is India's implementation of discriminatory trade protection measures in China the main way.The proportion of the three accounted for more than half of the total measures(64.76%),but the traditional form of trade protection(tariff and trade relief measures)accounted for 42.42%.However,the traditional forms of trade protection occupy the majority of the crisis period of protectionism,which indicates that India's trade protection measures against China has the characteristics of diversity.From the perspective of the industry,India's trade protection measures are mainly to protect their traditional,labor-intensive industries,such as chemical products,special machinery,base metals,general machinery and other industries.At the same time,the agricultural industry as a basis for the national economy has become a major victim sector.This paper is based on the HS4-bit code of the monthly export data,which make detailed empirical analysis.Empirical results show that India's trade protection against China has had a significant impact on China's exports.Among the many measures,trade remedies ranks the first,followed by local content requirements,and the implementation of these measures also had a significant negative impact on the exportof Chinese-related commodities.It is noteworthy that non-tariff barriers(not elaborated),despite being less implemented,have the greatest losses on China's export trade and are highly significant,and the implementation of the measures will reduce the number of Chinese exports by 56.59 %.The impact of indirect measures such as aid / state assistance,export incentives,etc.On China's exports can not be ignored.The frequency of trade finance is high,but it does not cause substantial harm to the export of Chinese related products,and it is not statistically significant.India's discriminatory trade protection measures against China have a greater and significant impact on China's transport,agricultural,mineral,metal,textile and other industries,which hinders the export of related products in China.The number of trade protection measures implemented in the processed food products and wood products industry is small and the coefficient of influence is negative,but it is not statistically significant.Finally,we summarize the full text on the basis of some inspiration,with a view to better respond to India's trade protection. |
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