Boya Century Publishing

Article Details
Article Title : Research on Influencing Factors of Chinese Mechanical and Electrical Products Exporting to Thailand Market —— Based on Multiple Linear Regression Model
Author(s) : Yin Luyu, Yu Jing
Corresponding Author : Yu Jing
Keywords : Mechanical and Electrical Products; Export Competitiveness; Multiple Linear Regression Model; Influencing Factors

Due to some developed countries limitation in technical barriers and frequent trade friction, China’s exports of mechanical and electrical products to its key markets such as the United States, Japan, South Korea, and Germany have declined, which has dragged down the overall decline in exports of domestic mechanical and electrical products, and impelledChina’s mechanical and electrical export companies actively exploring and developing emerging markets and diversify risks, such as ASEAN countries. Since the establishment of the China-ASEAN Free Trade Area in 2010, favorable policy conditions have led to the rapid development of bilateral trade between China and ASEAN countries. Mechanical and electrical products, as the pillar products in China's export trade, have also developed rapidly. However, in recent years, the growth of exports of mechanical and electrical products to ASEAN countries has encountered a bottleneck. Therefore, this article takes Thailand as an example, based on relevant trade data from 2010 to 2019, and uses a multiple regression model to analyze the impact of the gap in GDP per capita between the two countries, Thailand’s GDP, technology R&D investment, foreign direct investment and exchange rate on China’s export of mechanical and electrical products to the Thai market. And put forward relevant countermeasures and suggestions based on the empirical results