Abstract
The Chinese government continued implementation of the strategy of “The Belt and Road”. The strategy has brought new opportunities for China and South Asia economic and trade cooperation. According to the “UN” UN-COMTRADE database, measuring the trade of China and South Asia of each index, revealed comparative advantage index, export similarity index, the specialization of the revised coefficient and coefficient of consistent indices, analysis competitive and complementary of China and south Asian countries trade. Results show that the trade structure of China and South Asia has a certain competitiveness, but also has a lot of complementarity. There are lots of varieties for trade. Chinese exports to South Asia have a wide range of categories, export manufactured goods are the main products. South Asian exports to China are the low value-added primary products and semi-finished products mainly. Under the background of the strategy of “The Belt and Road”, policy measures should be taken to promote China’s economic and trade relations with south Asian countries.
Highlights
Since the second half of 2013, Chinese President Xi Jinping first put forward to the strategic conception of the Silk Road economic belt and the 21st century Maritime Silk Road to the international community, to show the world a grand blueprint of “One Belt And One Road”
Results show that the trade structure of China and South Asia has a certain competitiveness, and has a lot of complementarity
Because for China, almost 80% of oil and 50% natural gas and nearly half of all trade goods should be transported through the Indian Ocean, the Indian Ocean has played a important role in ensuring the channel security and economic interests, it has made a contribution to making South Asia to become the critical part of “One Belt And One Road” strategic
Summary
Since the second half of 2013, Chinese President Xi Jinping first put forward to the strategic conception of the Silk Road economic belt and the 21st century Maritime Silk Road to the international community, to show the world a grand blueprint of “One Belt And One Road”. Because for China, almost 80% of oil and 50% natural gas and nearly half of all trade goods should be transported through the Indian Ocean, the Indian Ocean has played a important role in ensuring the channel security and economic interests, it has made a contribution to making South Asia to become the critical part of “One Belt And One Road” strategic. Pakistan supports the Chinese government’s policy, it is the main entrance for China to enter the Indian Ocean, the Arabian Sea and the Persian Gulf and other regions, and its special geographical position could be an important fulcrum to connect the “Silk Road Economic Belt” with “21st century Maritime Silk Road”. Han Yonghui et al (2015) studied the trade competitiveness and complementarity of China and West Asia under the background of Silk Road Ecomomic Belt and Maritime Silk Road Strategy. This paper takes use of quantitative research methods to make an empirical analysis about trade competitiveness and complementation of China and South Asia, in order to study current situation and trade potential of China and South Asia, to provide theoretical foundation for strengthening trade cooperation between China and South Asia
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