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Analysis of China's trade dependency on the countries participating in the Belt and Road initiative

일대일로 참여국가에 대한 중국의 무역 의존성 분석과 시사점

  • Song, Min-Geun (Graduate School of Logistics, Incheon National University)
  • 송민근 (인천대학교 동북아물류대학원)
  • Received : 2017.07.31
  • Accepted : 2017.09.20
  • Published : 2017.09.28

Abstract

The purpose of this study is to identify the characteristics of China's trade relationships with and dependency on the countries participating in the Belt and Road initiative and to present some implications. This study collected annual total imports, exports, and GDP data from the International Monetary Fund (IMF) on 198 countries and the National Bureau of Statistics of China (NBS) on 221 countries from 1995 to 2015. China's imports and exports have expanded considerably from the mid-1990s to the present, and China's dependence on imports and exports with the US and Japan has declined, while its dependence on the Middle East, South Africa, South America, and Southeast Asia has increased. China has a very high level of dependence on imports from and exports to the countries participating in the Belt and Road initiative, and as the Belt and Road project progresses, the mutual trade dependency between China and the other participating countries is expected to strengthen and expand.

Keywords

Trade dependency;China;Asia;One Belt One Road;The Belt and Road;AIIB

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