Research On Policy-based Financial Demand For Export Of Mechanical And Electrical Products In China

In recent years,our country has been accelerating the process of industrialization.At the same time,foreign trade has also achieved considerable development,which has led to a rapid increase in the export of electromechanical products in China.According to customs statistics,the export value of electromechanical products was1.68 billion U.S.dollars in 1985,and reached 120.06 billion U.S.dollars in 2016.It can be said that the electromechanical products have continued to spread from the "tip of the iceberg" exported from China to "half of the country".Export growth has made great achievements for China's export trade and national economy.China's mechanical and electrical industry is relatively capital-intensive,and the transaction process from production to export to delivery,installation and commissioning shows that there is a large demand for export funds for mechanical and electrical products.Due to the positive externalities such as the strong influence of the export industry of electromechanical products and the obvious technological spillover,the optimal allocation of resources cannot be achieved merely relying on the market mechanism.In addition,as one of the financial support entities,commercial financial investment capacity is limited,and policy finance can provide related financial support for the export of China's mechanical and electrical products.Therefore,China's export of electromechanical products needs policy finance to provide support for the development of its own trade and national economy.This article compares the capital output per unit of output value of the electromechanical industry with that of other manufacturing units,and concludes that China's electromechanical industry is a relatively capital-intensive industry.In addition,the electromechanical products have the features of multi-level processing and high value-added production;the export structure gradually develops toward a relatively higher degree of capital intensity;the general trade mode in the export trade mode is from the initial raw materials to the final products.It is required to be completed domestically;the long process of exporting will generate a large amount of additional costs.Therefore,from the analysis of the characteristics of production,export structure,general trade pattern,and export transaction process,we believe thatexport of mechanical and electrical products needs financial support.Due to the positive industry-driven effects of electromechanical products and obvious technical spillovers,the optimal allocation of resources cannot be achieved simply by relying on market mechanisms.In financial support,commercial financial capabilities are limited,and policy-based financial intervention has a financial support role for the export of mechanical and electrical products,indicating that China's exports of mechanical and electrical products require policy-based financial support.China Export-Import Bank is a typical representative of import and export policy finance.This article analyzes the status quo of the export seller's credit business,export buyer's credit business,letter of guarantee business,and trade financing business,and finds out the supply problems.Performance is reflected in the lack of supply of export credits,imperfect business development,lack of business innovation,etc.On this basis,relevant recommendations are made.It is hoped that the analysis of the policy-based financial demand for export of electromechanical products in this paper will enable policy-based finance to improve itself,promote the export of electromechanical products,and further promote the development of China's national economy.