The Analysis On Influential Factors And Potential Of High-tech Product Trade Between China And Central And East European Countries

High-tech products have the characteristics of environmental friendliness and high added value,becoming a symbol of a country’s scientific and technological strength.Since 1986,China has attached great importance to the development of high-tech industries and has made great progress in the manufacture and export of high-tech products.The 16 member countries of Central and Eastern Europe account for a quarter of the countries along the " the belt and road initiative" construction.At the same time,as a bridge between China and the whole of Europe,China’s trade in high-tech products with Central and Eastern European countries needs to be studied urgently,which is conducive to promoting the " the belt and road initiative" construction,further promoting the full connection between the " 16+1" cooperation and the " the belt and road initiative" construction,seizing opportunities and deepening cooperation.On the basis of reading a large number of literatures,this paper has determined the key contents of the research: The first part is the background and significance of this research and the combing of previous literatures;The second part is to define the key words of this article and analyze its current trade situation.The third part is model building and variable description.The fourth part is empirical test and potential estimation.The fifth part is related conclusions and suggestions.According to the OECD’s nine categories of high-tech products and the product codes of the nine categories of high-tech products sorted out by SITC Rev.3,they are respectively entered into the UNCOMTRADE database to find and summarize the import and export situation of high-tech products between China and Poland,Czech Republic,Hungary,Slovakia and Romania,and to analyze and compare the current trade situation.It is found that computers and office equipment,electronic communication equipment and scientific instruments are the most closely traded.Aerospace equipment and weapons account for a small proportion of China’s trade with five countries.Secondly,by calculating the TC index of each major category of high-tech products,this paper finds that China’s computers,office equipment and chemicals have great competitive advantages,while other products are at competitive disadvantages,but their competitiveness is gradually improving.Aerospace equipment is Poland’s most competitive product.Weapons products are Czech’s most competitive products,which shows that Czech has invested a lot in this field.Hungary’s various products have developed rapidly.Scientific instruments have gradually developed from a big competitive disadvantage to a big competitive advantage and become Hungary’s most competitive products.Slovakia’s weapons products have a weak competitive advantage,while the remaining eight categories have a competitive disadvantage.Romania’s scientific instruments have a weak competitive advantage and their competitiveness is still on the rise.They are Romania’s most competitive products.The empirical part uses panel data of China and five central and eastern European countries from 1993 to 2017,and selects eleven variables to construct two gravity models to measure the impact on bilateral trade and export trade of high-tech products between China and central and eastern Europe.The empirical results show that China’s labor productivity,the labor productivity of trading countries,the population of China,the population of trading countries,the R & D proportion of trading countries,and the number of patent applications of trading countries have a significant impact on the bilateral and export trade flows of high-tech products between China and the five central and eastern European countries.Then five time series are constructed for each country’s trade data,and it is found that the above significant factors have different impacts on each country.Finally,comparing the average trade value between China and the United States,Japan,South Korea,Malaysia and Germany,the trade potential of each country is estimated and policy suggestions are put forward.