China’s import commodity structure and its relationship with trading partners

China's import commodity structure and its relationship with trading partners

Technological structure of China’s imported products is increasingly optimized. High-tech industrial products are the largest category of goods imported by China. Resource-based manufactured goods and primary manufactured goods are also the main commodities imported by China. This is in line with China’s import of foreign trade. The development goals are consistent, which is very favorable for the transformation and upgrading of China’s industrial structure, optimizing the structure of export commodities, and alleviating domestic resource bottlenecks. However, the national government must pay high attention to the decline in the share of high-tech industrial manufactured goods, in-depth study of the types of commodities and reasons for decline in the share of high-tech industrial products, the research is caused by the cyclical reasons caused by the economic crisis It is also caused by the slowdown in the pace of development of domestic industry itself and the mismatch in the pace of international industrial restructuring.

China’s import scale has been increasing. However, the status of different regions and different types of countries in China’s imports is different. Judging from the current status, China’s imports of manufactured goods, especially those of technical industries, have typical characteristics of the Asia Pacific region. China’s import regions are mainly concentrated in the Asia-Pacific region. China’s direct imports from high-tech categories such as the United States and Germany are relatively small, which is detrimental to China’s access to the most advanced international technologies. This may be due to the low level of technology in China. There is no ability to directly undertake the transfer of industries from the United States and Germany. It may also be due to the fact that these developed countries are discriminatory against Chinese exports and industrial transfers. Therefore, our national government must attach great importance to this phenomenon and formulate effective strategic measures to increase our directness. Imports from industrial powers such as the United States and Germany, especially high-tech industrial products, directly accept high-end industries transferred from these countries.

The research results of this article also show the fact that the development of China’s imports has driven and promoted the exports of all countries in the world, not only stimulating the export trade of developing countries, but also promoting the exports of developed countries. In other words, the development of China’s foreign trade is shared and inclusive, that is, China’s development will surely benefit the world. Whether it is a developing country or a developed country, all countries in the world can share opportunities for welfare progress from the development of China. It is mainly due to the lack of domestic resources due to the rapid growth of processing trade and economic development. At the same time, we must also note that China is an interdependent relationship with its trading partner countries. It is a two-way dependence rather than a one-way dependence. However, for countries and regions where China’s import dependence is relatively large, China still needs to pay attention to import safety issues, prevent import risks, and avoid the impact of large fluctuations in import trade on domestic economic development. For regions where imports are less dependent, our country must strategically increase imports so as to enhance the international radiation effects of China’s economic development and create a good international development environment for China.

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