Author(s)

Kaiqi Liu ¹, Yunlong Zhu ^2,3

Affiliation(s)

¹ Los Angeles City University, California, Los Angeles, United States
² University of Washington, Seattle, WA 98195, USA
³ WinGlobal, Shenzhen, Guangdong, China

Corresponding Author

Yunlong Zhu

ABSTRACT

The Belt and Road Initiative (BRI), as a significant strategy for China to promote global economic cooperation, has greatly influenced the trade relations between China and developed economies. This paper systematically explores the trade dynamics between China and these developed economies under the BRI framework from the perspectives of trade competitiveness and complementarity. Firstly, the article reviews the origin and development of the BRI and analyzes its impact on the trade between China and developed economies. Then, based on theoretical frameworks, it defines the concepts of trade competitiveness and complementarity, and examines the main variables influencing these factors. In the empirical analysis section, the paper provides a detailed description of the overall trade situation between China and the target developed economies, and conducts an in-depth analysis of competitiveness and complementarity in technical products, service trade, energy resources, and the manufacturing and service sectors. The study finds that China has a significant competitive advantage in the trade of technical products, while there is evident complementarity with developed economies in service trade and energy resources trade. These findings offer valuable insights for policymakers and businesses on optimizing trade strategies.

KEYWORDS

Belt and Road Initiative, Trade Competitiveness, Trade Complementarity, Developed Economies

CITE THIS PAPER

Kaiqi Liu, Yunlong Zhu, Analysis of Trade Competitiveness and Complementarity between China and Developed Economies under the Belt and Road Initiative. Journal of Political Science Research (2024) Vol. 5: 121-128. DOI: http://dx.doi.org/DOI: 10.23977/polsr.2024.050117.

REFERENCES

[1] Chen, Jiyong, Dabo Chen, and Aiping Yao. "Trade development between China and countries along the Belt and Road: A spatial econometric analysis based on trade competitiveness and complementarity." Pacific Economic Review 25.2 (2020): 205-227.
[2] Wang, Xiao, et al. "Analysis on trade competition and complementarity of high-quality agricultural products in countries along the belt and road initiative." Sustainability 15.8 (2023): 6671.
[3] Liu, Chengliang, Jiaqi Xu, and Hong Zhang. "Competitiveness or complementarity? A dynamic network analysis of international agri-trade along the Belt and Road." Applied Spatial Analysis and Policy 13 (2020): 349-374.
[4] Yuan, Ziyan. "Analysis of Trade Symbiosis between China and Countries along the" Belt and Road"." International Journal of Education and Humanities 4.1 (2022): 130-136. 
[5] Jiang, Wenhui, Hai Zhang, and Yuanyuan Lin. "Trade sustainability and efficiency under the belt and road initiative: A stochastic frontier analysis of China's trade potential at industry level." Emerging Markets Finance and Trade 58.6 (2022): 1740-1752.
[6] Di Stefano, Cristina, P. Lelio Iapadre, and Ilaria Salvati. "Trade and infrastructure in the belt and road initiative: A gravity analysis based on revealed trade preferences." Journal of Risk and Financial Management 14.2 (2021): 52.
[7] Zhao, Minghao. "The belt and road initiative and China–US strategic competition." China International Strategy Review (2021): 1-13.
[8] Zhou, Lunzheng, and Guangji Tong. "Research on the competitiveness and influencing factors of agricultural products trade between China and the countries along the "Belt and Road". " Alexandria Engineering Journal 61.11 (2022): 8919-8931.

Sponsors, Associates, and Links

---

• Journal of Language Testing & Assessment
  
  
• Information and Knowledge Management
  
  
• Military and Armament Science
  
  
• Media and Communication Research
  
  
• Journal of Human Movement Science
  
  
• Art and Performance Letters
  
  
• Lecture Notes on History
  
  
• Lecture Notes on Language and Literature
  
  
• Philosophy Journal
  
  
• Science of Law Journal
  
  
• Journal of Sociology and Ethnology
  
  
• Advances in Broadcasting