A Study On Calculating The Full Cost Of China's Coal Trade And Adjustment Of Strategies

For a long time,China rank front in term of resource-based products trade,but it,s not gaining enough trade interests,great trade cost instead.Therefore,it is necessary to adjust and optimize that trade strategy of China,s resource-based products.Moreover,it,s a dilemma for China of facing rising labor cost,worsening environment and unreasonable resource tax collection standards.Based on this,this paper explores the new ideas of adjusting and optimizing China,s trade strategies from the perspective of cost.And then based on the theoretically analysis of the relationship between full cost and trade strategies,taking coal as an example,we estimate the full cost of it,s trade and compare it with the trade income.Then the thought is proposed of optimizing China,s coal trade strategies.In the existing literature,there has been many achievements in the connotation,denotation and calculation methods of full cost.Besides,it also has exploredthe trade adjustment of strategies based on the full cost and its sub-cost,and some of them are insightful and enlightening.However,firstly,it is not hard to find that there is a lack of systematic analysis of the trade cost;secondly,the existing literature lack of the systematic and structural cost-benefit comparison analysis on the trade strategies adjustment of research;thirdly,there is a lack of theoretically analyzes between full cost and trade strategies.In view of the shortage of existing literature,this paper systematically analyzes the cost of China,s coal trade,and considers that the full cost of China,s coal trade is a dynamic and open system that includes the production cost,transaction cost,environmental cost and intergeneration cost.Based on this,this paper proposes a trade strategies adjustment idea based on the “full cost perspective of trade of resource-based products”,and theoretically analyzes the mechanism and path of the full cost of the trade of resource-based products on the trade strategies of resource-based products,and then concludes that “systematic cost-benefit comparison analysis is the main basis for the strategic adjustment of China,s coal trade”.Based on this core point of view,this paper takes coal as an example,using the time series data of coal in China from 2007 to 2016,calculating and evaluating the full cost of coal trade in China,and compares it with the trade income of China,s coal.Then it is concluded that: firstly,the environmental cost of China,s coal trade is much higher than the environmental tax levied by enterprises,and the environmental cost of China,s coal trade is far from being fully compensated;secondly,the coal resource tax can only make up the intergenerational cost under the discount rate of 7% from 2007 to 2016,the discount rate of 5% from 2009 to 2016;thirdiy,the gains of China,s coal trade can only make up for the bottom line of the full cost under the discount rate of 3% from 2011 to 2013,the discount rate of 5% from 2008 to 2014 and the discount rate of 5% from 2008 to 2014.In order to promote the optimization of China,s coal trade strategy from a full cost perspective,The following adjustment ideas are proposed: firstly,in order to promote the coal tax reform,it should be raised the environment of coal resources tax;secondly,it should be optimize the energy trade structure to promote sustainable use of resources;thirdly,it should promote new energy development by the way of accelerating innovation in coal technology.And it,s adjustment scheme can obtain from the following five aspects: firstly,in order to prompte the resource cost internalization,it can be optimization of resource tax system and controling the total quantity of the mining;secondly,it should promote the internalization of environmental cost by the way of improving the environmental tax system and raising the environmental sill;thirdly,in order to promote the rationalization of coal prices,We should establish a coal price benchmark and strengthen government regulation;fourthly it,s essential to promote sustainable development of resources in the way of implement trade structure adjustment and importing substitution;fifthly it,s necessary to promote the development of new energy by the way of strengthening investment cooperation resources and accelerating the technological innovation.