Trade Relations Between China and The Czech Republic: An Analysis of Complementarity and Competition

DOI

10.2991/aebmr.k.210809.019How to use a DOI?

Keywords

China, the Czech Republic, trade, complementarity, competition

Abstract

Trade relations between China and the Czech Republic have intensified in recent years and still have great potential for growth. This paper aims to analyse the current trade status and study the complementarity and competition between China and the Czech Republic. The empirical analysis is based on models of international trade, including trade complementarity index (TC), trade competition index (TCI) and export similarity index (ESI). Results indicate that China’s exports have strong complementarities with Czech Republic’s imports in labour-intensive and capital-intensive commodities, while complementarities of Czech Republic’s exports to China’s imports are resource-intensive and capital-intensive commodities. Besides, the analysis on trade competition and export similarity reveals that China and the Czech Republic may face fierce competition in capital-intensive products in the world market. China and the Czech Republic are proposed to optimize trade structure according to their comparative advantages and strengthen trade cooperation to achieve the reciprocal trade relations.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shuqi Yao
PY  - 2021
DA  - 2021/08/09
TI  - Trade Relations Between China and The Czech Republic: An Analysis of Complementarity and Competition
BT  - Proceedings of the 2021 International Conference on Transformations and Innovations in Business and Education (ICTIBE 2021)
PB  - Atlantis Press
SP  - 135
EP  - 141
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210809.019
DO  - 10.2991/aebmr.k.210809.019
ID  - Yao2021
ER  -