PTA Import's Effect on Domestic Market

In recent years,the polyester industry has kept a stable development,and the consumption for PTA has been lifted up year by year.From 2001 to 2006,the growth rate of PTA consumption was around 20.7% averagely.Though it began to be not as fast as it used to in recent a couple

The effect of domestic and foreign trade coordination on technological innovation： complements or substitutes？

Based on the theory of technology spillover in international trade, this paper discusses the technological innovation effect of trade by taking the influence of domestic trade into account. Under the constraint of the production possibility frontier, there is either complementarity or substitutability between domestic and foreign trade. It must be decided whether resources should be concentrated in one of the sectors （trade specialization） or instead allocated equally （trade equalization） between the two sectors. This paper firstly discusses how domestic trade and foreign trade work together to influence technological innovation, and how trade equalization and specialization affect different types of innovation. Using a provincial-level panel dataset from 2007 to 2015 in China, this paper constructs the indicators of domestic and foreign trade linkage and examines the impact of trade on innovation. The findings show that trade equalization mainly promotes incremental innovation, while trade specialization improves radical innovation. Thus, in the area of incremental innovation, attention should be paid to the equalized development of domestic and foreign trade, while in areas pursuing radical innovation, emphasis should be put on the specialization of the trade sector, avoiding equal allocation of resources to the two sectors.

The Influences of FDI on China＇s Economy

During the past 30 years, China has attracted huge amounts of Foreign Direct Investment （FDI） inflows and FDI firms have become an important element of the Chinese economy. The paper discusses the influence of FDI on China＇s economy, summarizes the analysis of the external effects of FDI and focuses on the domestic effects of FDI.

What Is the Driving Force of Future Development of International Trade in China?

During over 40 years of rapid growth after China’s reform and opening up,factor dividends have always been an essential basis for China’s development of open economy.With China’s economy entering into a new normal and the promotion of a new round of high-level opening up,China is gradually forming new competitive advantages in the field of international trade.Starting from factor dividends,this paper analyzes the advantages and trend of China’s international trade in the past,and further analyzes the formation of China’s new advantages in the fi eld of international trade from four aspects.In the first place,as the digital economy is becoming the core force for the new round of industrial revolution,China’s leading position in digital trade has become more evident,which leads to China’s opportunity to exercise its discourse power and formulate new rules and pattern of global digital trade.In the next part,the Belt and Road Initiative(BRI)has opened up a new path for further international trade cooperation,improving the opening up pattern with the combination of sea and land,home and abroad,coastal and inland.Afterwards,the supply-side structural reform has entered a new stage,continually releasing institutional dividends,deepening the systematic reform.In the end,the huge demand of domestic markets and its growing potential have driven the utilization of domestic market effect,leading to the development of scale economy and the competitiveness of Chinese economy and enterprises.The formation of China’s new advantages in global trade will further promote China’s participation worldwide.