Abstract
The party and the government have long regarded the improvement of international competitiveness and the promotion of the transformation and upgrading of export trade as a relatively important goal in economic policy reform. In the work report of the 19th National Congress of the Communist Party of China, it is clearly required to intensify efforts to promote the construction of a trade powerhouse, cultivate new trade formats, and promote the vigorous expansion of foreign trade. With the help of the matching or data from the effective customs trade database and the Chinese industrial enterprise database, this paper studies the possible impact of the quantitative regression financing constraints on the domestic export trade enterprise model. The result is that when domestic enterprises face the pressure of financing constraints, they will choose the processing trade with lower profits and abandon the general trade model with higher profits.
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