An analysis of trade cooperation: Central region in China and ASEAN

China-ASEAN are the two huge markets in trade world, they can bring out greater dynamism from within their economies and contribute to regional economic development. This study explores the present situation on the trade between the Central region of China and ASEAN through empirical assessment and...

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Bibliographic Details
Published in:PloS one 2021-12, Vol.16 (12), p.e0261270-e0261270
Main Authors: Bhowmik, Roni, Zhu, Yuhua, Gao, Kuo
Format: Article
Language:English
Subjects:
Alliances
Asia, Southeastern
China
Coasts
Commercial policy
Complementarity
Cooperation
Developing Countries - economics
Economic crisis
Economic Development
Empirical analysis
Engineering and Technology
Evaluation
Growth rate
Humans
International trade
Internationality
Models, Economic
People and Places
Provinces
Regional development
Regions
Social Sciences
Tariffs
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Summary:China-ASEAN are the two huge markets in trade world, they can bring out greater dynamism from within their economies and contribute to regional economic development. This study explores the present situation on the trade between the Central region of China and ASEAN through empirical assessment and try to find the potential effects and trade flows between them. Firstly, we analysis the trade integration index, HM index, explicit comparative advantage index, and trade complementarity index. Finally, we use the gravity model of international trade and data on 2006-2018. The bilateral trade relations between the central region and ASEAN are getting closer, but the central region has not yet become the major trade area of ASEAN countries in the Chinese market. The bilateral economic development level plays a positive role in promoting the export trade between the Central region and ASEAN, while the bilateral distance plays a negative role in difficulty. The empirical results show that trade potential between the Central region and Indonesia and the Philippines is huge, and there is still opportunity for the development of the trade potential with Thailand. The trade prospective with Malaysia, Singapore and Vietnam is limited, and new approaches need to be developed to achieve further trade cooperation.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0261270