Research on China-EU equipment manufacturing Trade dependence in intra-industry specialization view.

Abstract

As the foundation of the industrial economy, the equipment manufacturing industry takes an important position on the China-EU trade. Based on the analysis of the overall trend and structure of China-EU equipment manufacturing industry trade in 2007-2020, this article involves the construction of trade concentration into trade dependence metrics, and then calculate the degree of interdependence between China and EU equipment manufacturing trade in 2020. The perspective of the intra-industry specialization will be used to analyze China-EU equipment manufacturing trade dependency in 2020. The results show that: (1) Although China-EU equipment manufacturing trade has continued to grow, China had an imbalanced export structure to the EU, and electronic equipment exports are too high; (2) Regardless of import or export, the trade dependence of the EU countries on China about equipment manufacturing was higher than that of China on European countries; (3) China mainly depended on the EU about the high-end equipment manufacturing trade, which brings risks to Chinese manufacturing supply chains.