Research On Trade Cooperation Between China And Other BRICS Countries In The Context Of The “Belt And Road Initiative”

China' s“Belt and Road" initiative proposed in 2013 is a response to the new changes in the international economic landscape from the 1990s to the last two global financial crises.Currently,the implementation of the“Belt and Road" is in a critical period and it is necessary to actively use existing regional cooperation forces.We will strengthen multilateral exchanges with countries along the "Belt and Road Initiative,”promote the establishment of a diversified and extensive cooperation mechanism along the route,and seek breakthroughs in further exploring the prospects of the“Belt and Road" economic and trade cooperation.The BRICS,as a representative of developing countries and emerging economies,has a place in the strategic concept and purpose of the "Belt and Road Initiative”.Related experience can provide a good reference for the " One Belt,One Road" initiative.The BRICS countries have significant influence in the relevant regional economies and are active in the "Belt and Road" cooperation initiative.In particular,China,India and Russia are important countries along the route and are indispensable forces for promoting the "Belt and Road Initiative." In this context,it is urgent to explore the issues and prospects of economic and trade cooperation between China and other BRICS countries.This article starts from the current status of commodity trade cooperation between China and other BRICS countries,and focuses on the analysis of bilateral trade cooperation issues,trade gravity factors and trade efficiency factors,and bilateral trade cooperation trends.On this basis,it seeks trade between China and the BRICS countries.New ideas for cooperation.This article is divided into five parts.The first part of the introduction,including the research background and significance,research summary and the introduction of research methods and innovations;the second part is the theoretical basis of regional trade cooperation.A review of classical trade theories and regional trade cooperation theories and developments,pointing out the relevance of relevant theories to the trade cooperation between China and BRICS countries;Section III:The current status of trade cooperation between China and BRIC countries,based on the "Belt and Road"initiative The background and development of the national cooperation mechanism are introduced and the factors that induce and promote trade cooperation between China and the BRICS countries are analyzed,mainly including the factors of global financial crisis,natural endowments and foreign trade structure factors,and facilitation measures in trade cooperation.Using the relevant data from 1995 to 2016,the relevant data charts are used to analyze the trend of changes in the trade scale between China and the BRIC countries more intuitively,and the characteristics of the increase in trade flows between China and the BRICS countries are examined and summarized;and the fourth part is the empirical test.Using data from trade between China and BRICS countries from 2001 to 2016,select natural factors such as per capita GDP,population,and distance from the two sides,as well as regional trade agreements,currency swaps,polity indices,and logistics performance composite indices.And the infrastructural factors such as the Port Infrastructure Quality Index and other inefficiencies,divide the time-varying stochastic frontier gravity model and the trade non-efficiency model between 2001-2007 and 2008-2016,and estimate China' s export trade to the BRICS,China,and The non-efficiency of bilateral trade and trade in the BRICS countries.According to the model estimation results,the factors of trade growth and trade inefficiencies are analyzed separately.At the same time,from the observation of events,the characteristics and causes of changes in the trade efficiency levels of China and BRIC countries are explored.The fifth part is the conclusion of the full text and policy recommendations.The main conclusion is that the dependence of trade growth in other BRICS countries on China is on an upward trend.China has a higher status in its trade economy,and trade facilitation measures and facilitation are important reasons for promoting trade growth between China and BRIC countries..Affected by the financial crisis in 2008,the overall trade efficiency between China and the BRIC countries has been reduced.Due to the coexistence of competitiveness and complementarity in trade,Russia,India and China have low bilateral trade efficiency and the most unstable trade scale.China and South Africa have obvious advantages in bilateral trade,and bilateral trade has the highest efficiency and stability.In 2016,overall,the international economic situation has improved,and both China ' s trade efficiency and trade value with BRICS countries are expected to rebound.On the basis of trade cooperation,we will further expand bilateral and multilateral trade with the BRICS countries at a higher level.We must make full use of the complementary advantages,accelerate investment cooperation and financial and monetary cooperation to facilitate trade,and rely on technological innovation to enrich bilateral trade structures.We must adopt effective measures in phases to establish a free trade zone centered on the BRICS countries and promote greater trade and currency cooperation among countries along the“Belt and Road" initiative.Referring to the experience of the BRICS Cooperation Mechanism,we will actively play the role of China-India-Russia cooperation and promote the establishment of a higher-level cooperation mechanism along the "Belt and Road" in more fields such as finance,trade,investment,and humanities.