An Empirical Study Of Mineral Import Trade Potential Between China And "The Belt & Road" Countries

China and "the Belt&Rode" countries' mineral resources have a strong complementarity and economic mutual aid,"the Belt&Rode-strategy to promote the implementation of national mineral resources have profound significance.However,the trend of resource development is that resoxirces are controlled by international and large-scale enterprises,so this is the opportunity and challenge for China's mineral products.In the face of the current form of such a grim,China urgently needs to re-strategic positioning,so as to expand China and "the Belt&Rode" countries' imports of mineral products,and then to ensure that China's imports of mineral products to better and faster direction."Silk Road" as used to exchange culture and promote trade channels,has been known for everyone.Today,China has put forward a strategic idea of building "the Belt&Rode" strategy.This strategy is not only a miracle of the ancient Silk Road,but also a strategy to open up the trade,it has become a powerful world market support.Based on the trade data of China and "the Belt&Rode" countries' mineral products,this paper analyzes the status quo of the whole trade of mineral products between China and "the Belt&Rode"countries trade data from 2009 to 2015.Secondly,this paper constructs a stochastic frontier gravity model to measure the import trade efficiency and trade potential of China and "the Belt&Rode"countries,and analyze the factors that affect the import of Chinese mineral products.The results show that the efficiency of imports of mineral products between China and the regions have risen over time.The per capita GDP and population of exporting countries have a negative relationship with the volume of imported trade.The per capita GDP and population of the importing countries are positively related to the volume of imports.The distance between China and the "the Belt&Rode"countries significantly negative relations,the common border of this indicator is conducive to import trade.Thirdly,the results show that(1)Free trade agreements are factors that promote the trade of imported minerals and are able to offset the effects of ineffective factors in import trade.(2)The trade and transport-related infrastructure index is negatively related to the inefficiency of trade,which is a very favorable factor for the reduction of trade costs.(3)tariffs,customs clearance time and trade effSciency is significantly positive correlation,indicating that it is hindering China and the Belt&Rode" countries' imports of mineral products,one of the factors,tariffs and non-trade barriers will cause trade in the transaction costs are too high.(4)The degree of freedom of investment is negatively correlated with the inefficiency of trade.This shows that the degree of freedom of investment on China and the Belt&Rode" countries' import of mineral products is to promote the level of trade,which will China's economic restructuring,reduce trade friction and contradictions.(5)exchange rate.There is a significant positive relationship between exchange rate and trade inefficiency,indicating that the volatility of the US dollar hinders the trade volume of mineral products.At the same time,we can obtain the estimated value of trade efficiency through the import model,and further analyze the potential of China's import trade and the development of space.Finally,this paper puts forward the corresponding countermeasures and suggestions on the above research results,and points out that it is necessary to strengthen the cooperation of mineral resources,create a good ernvironment for our mining enterprises to "go out" and accelerate the new system of counteracting the non-efficiency of trade,And various non-tariff barriers.At the same time,China and the "the Belt&Rode" countries should jointly strengthen the all-round infrastructure and interconnection construction,thus promoting trade and investment facilitation.The establishment of a unified network information platform and the official website to link and analyze a variety of information to strengthen the ability to collect,analyze and evaluate information,through the national government and mining enterprises to provide decision-making basis for the smooth development of mineral import trade solid foundation.We attach importance to international cooperation,take the strategy of "the Belt&Rode" as an opportunity to deepen the cooperation with the investment and processing trade between the mining industry and the complementary advantages in terms of resources and technology so as to realize the common development among the countries.