The Influence Factors And Potential Analysis Of Chinese Digital Product Export Trade Under The Background Of RCEP

Since the global Coronavirus pandemic,the world economy has been hit hard.As the world’s second largest economy,China is currently focusing on reviving its domestic economy.As a new economic form,the steady development of digital economy provides a new way for China to relieve the pressure of export trade and promote the rapid growth of national economy.As an important part of the digital economy,digital products are increasingly popular in the global trade.By 2021,China’s export volume of digital products has exceeded 2.7 trillion yuan,which is a great achievement in China’s foreign trade.It can be seen that in the post-COVID-19 era,the export of digital products is injecting new impetus into global economic growth and will become the main driving force for world economic recovery.The first part of the article explains the research background,research significance and innovation shortage.It also compares the studies of domestic and foreign scholars and conducts a literature review from three aspects: digital products,RCEP and trade potential.The second part is a brief analysis of the influencing factors of digital product exports in terms of trade facilitation,population,geographical distance and GDP.The third part of the article compares and analyzes the current export status of Chinese digital products,clarifies the commodity structure and trade profile of China’s digital product exports,and analyzes the advantages and challenges faced by China’s digital product exports at this stage.Against this background,the fourth part of the article develops empirical evidence,focusing on the digital product export category within the broad category of digital economy,explaining the factors influencing China’s digital product exports and predicting their development prospects.Since digital products are broadly and narrowly defined,data from 14 RCEP member countries and 6 non-RCEP countries,namely Canada,Denmark,France,Italy,Norway and the UK,are selected for empirical analysis in order to validate the empirical data with the export of computers and their accessories,communication equipment,customer electronic devices,electronic components and other digital products as the main objects of study.It is supplemented by a trade efficiency model to better visualize the efficiency of China’s trade exports with other countries.On this basis,the fifth part of the article summarizes the research results of this project and gives corresponding countermeasures and suggestions.According to the empirical results in Chapter 4,the selected data are significant at the level of 1% in the time-varying model and the constant model,indicating that the trade inefficiency will gradually decrease over time,i.e.,the trade barriers on both sides of the trade are gradually disappearing;and as part of the factors affecting exports,geographical distance in the traditional sense will negatively affect the export volume,while the effect of geographical distance factor is not significant in the shape-shifting model test.It indicates that the influence of geographical distance on exports is getting smaller and smaller,attributed to the continuous improvement of existing infrastructure;from the trade efficiency model,China’s export efficiency to RCEP member countries is significantly higher than the control group of non-RCEP member countries,but the trade efficiency part of non-RCEP member countries also exceeds the level of 50%,which shows that in the future economic and trade environment,China should also pay attention to the trade with non-RCEP member countries trade exchanges and do both together.