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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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Detalles Bibliográficos
Autores principales: Bhowmik, Roni, Zhu, Yuhua, Gao, Kuo
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8694465/
https://www.ncbi.nlm.nih.gov/pubmed/34936662
http://dx.doi.org/10.1371/journal.pone.0261270
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author Bhowmik, Roni
Zhu, Yuhua
Gao, Kuo
author_facet Bhowmik, Roni
Zhu, Yuhua
Gao, Kuo
author_sort Bhowmik, Roni
collection PubMed
description 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.
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spelling pubmed-86944652021-12-23 An analysis of trade cooperation: Central region in China and ASEAN Bhowmik, Roni Zhu, Yuhua Gao, Kuo PLoS One Research Article 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. Public Library of Science 2021-12-22 /pmc/articles/PMC8694465/ /pubmed/34936662 http://dx.doi.org/10.1371/journal.pone.0261270 Text en © 2021 Bhowmik et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Bhowmik, Roni
Zhu, Yuhua
Gao, Kuo
An analysis of trade cooperation: Central region in China and ASEAN
title An analysis of trade cooperation: Central region in China and ASEAN
title_full An analysis of trade cooperation: Central region in China and ASEAN
title_fullStr An analysis of trade cooperation: Central region in China and ASEAN
title_full_unstemmed An analysis of trade cooperation: Central region in China and ASEAN
title_short An analysis of trade cooperation: Central region in China and ASEAN
title_sort analysis of trade cooperation: central region in china and asean
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8694465/
https://www.ncbi.nlm.nih.gov/pubmed/34936662
http://dx.doi.org/10.1371/journal.pone.0261270
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