Evaluating The Trade Exchange Between China And MENA Countries And Its Impact On Their Economic Growth Under Belt Road Initiative

As the country accelerates the pace of urbanization,the real estate industry dev Under the new economic trend,the development of the international trade market will have a broader space,and the vitality of the times will also drive the trade between China and the Middle East and North Africa countries to a new stage.In recent years,the economic and trade relations between China and the Middle East and North Africa countries have developed rapidly.The most prominent performance is reflected in the scale of trade between China and the Middle East and North Africa countries.According to statistics,the bilateral trade between China and the Middle East and North Africa countries has developed rapidly.The total value of exports increased from US$86.98 billion in 2007 to US$193.3 billion in 2017,bilateral trade exports increased from US$45.94 billion in 2007 to US$98.53 billion in 2017,and imports increased from US$41.04 billion in 2007 to At US$94.77 billion in 2017,it is clear that trade between China and the Middle East and North Africa countries is developing rapidly.However,among China’s main foreign trade partners,although the status of the Middle East and North Africa countries has risen,they are still not as good as the Chinese market occupied by developed countries such as the United States and the European Union.This shows that there is still a lot of room for trade between China and the Middle East and North Africa countries to increase.This article is based on bilateral trade import and export data,and with reference to the commodity import and export data compiled by the Chinese Customs,to study the status quo and influencing factors of China and Arab country’s trade.First,the current situation of trade between China and Arab countries is explained through the description of statistical data.The results show that the bilateral trade between China and Arab countries is highly complementary.The regression results show that it is effective to apply the gravity model to regional trade blocs such as Arabia.According to the selected data from 2008 to 2018,the basic gravity model is obtained.The regression results show that the basic factors affecting China’s trade with Arab countries are the GDP,GDP per capita,and distance of each country,which is also consistent with the conclusions of the classic gravity model.First,China’s GDP can increase China’s exports to Arab countries.Therefore,the Chinese government should devote itself to developing its own economy,expanding its own economic scale,improving the quality of products and services,enhancing the competitiveness of Chinese products in the international market,and promoting the vigorous development of China’s foreign trade.Secondly,the absolute distance between the two countries does have a negative impact on the trade volume between China and Arab countries.Given that the absolute geographic distance between the two countries is immutable,we can cultivate and develop trading partner countries and take all necessary measures to weaken the negative impact of spatial distance.We should also focus on the measurement of the “policy distance" Level.This will also provide new ideas for our follow-up research.Since there are many favorable factors in energy cooperation between China and Arab countries,future cooperation in the energy field will still be the highlight of the economic and trade cooperation between the two countries.First of all,Arabia has abundant mineral natural resources,which is beyond the reach of any country in the world;secondly,for a country with a large population like China,no country in the world will need such a huge amount of natural resources for the future economic development of China.This paper contributes by enhancing the efficiency of cooperation between China and Arab countries,and at the same time helps China to complete international exchanges and cooperation more efficiently.Also to find out the main problems and main causes of trade in China and Arabia countries by analyzing the current trade situation between China and Arabia countries.