Empirical Study on Factors Influencing Development of China Cross-Border e-Commerce
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DOI: 10.25236/icemeet.2020.090
Corresponding Author
Xinran Shu
Abstract
As an emerging foreign trade model, cross-border e-commerce is global, instant, counter-cyclical and developing rapidly, which makes it the new engine for economic growth in the future China. Based on the existing research results and actual situations in China, nine factors from three aspects that probably affect the development of cross-border e-commerce in China are put forward, which involve the total amount of import and export, the actually utilized foreign direct investment, the throughput of international trade cargo in national ports, the Belt and Road Initiative, disposable income of urban residents per capita, inhabitant’s consumption expenditure, Internet penetration rate, the added value of the service sector and the express quantity. With the verification by the multivariate regression method, the results show that the Belt and Road Initiative, express quantity and inhabitant’s consumption expenditure are the most important factors. According to the empirical result, some suggestions are put forward to improve the cross-border e-commerce in China: promote the Belt and Road Initiative on a larger scale so as to push its further development; expand domestic demand and stimulate consumption; keep on developing cross-border logistics system
Keywords
Cross-border e-commerce, the belt and road initiative, Logistics system, foreign trade