The Research Of China’s Service Trade Exports To The Other BRICS And Its Influence Factors

In recent years, under the factors of global industrial structure adjustment and the progress in trade liberalization, service industry has been playing an increasingly important role in world economy, which the research into service trade has been emphasized by academic correspondingly. Meanwhile, BRICS not only have become typical represents of emerging economic entities but also get status raised due to their fast-growing economy and huge potential. Under such background, in order to deepen the corporation between BRICS, it also has some practical meanings to delve into service trade exportation and trade potential measurement.Combined with the methods of theoretical analysis and empirical study, this essay studied the status of service trade among BRICS and the factors that influence the exportation. Firstly, a summary of the service trade’s basic concept is made and related theories are introduced. Secondly, the comprehensive analysis on the development status of service trade in China and other BRIC countries are conducted.In addition, based on the importing and exporting scale and structure of service trade,the correlation measure on the service trade closeness of BRIC countries are carried forward based on the combination degree, dependence degree and complementation degree of service trade.In addition, this essay analyses the factors that would influence service trade through regression analysis , the panel data of the relevant influential factors for the service trade exporting of China to other BRIC countries during the period from 2005 to 2015 are selected.At last, through the optimal fitted equation of the gravity model, the trade exporting potential of China and other BRIC countries are calculated respectively, so as to categorize the type of potential, thus make suggestions which could be beneficial to the exportation of China.The main conclusions of this essay: (1) The service trade of China and BRICS are highly interdependent, whilst the trade service are connected closely.(2) There is big divergence in factors such as GDP、geographic distance、open economy、demands of service market. (3)There exists different potential and massive business opportunities to BRICS, which means potential need to be explored further.