Study on Trade Potential between Shandong Province and Countries Along "One Belt and One Road"

Abstract

After the "One Belt One Road" strategy was put forward, Shandong Province's export trade has a good momentum of development. This paper analyzes the degree of trade dependence between Shandong Province and the countries along the "Belt and Road" and selects the export trade between Shandong Province and the countries along the "Belt and Road" between 2005 and 2017. The data analyzes the trade efficiency between Shandong Province and the countries along the "Belt and Road" from the horizontal and vertical dimensions, and further analyzes the trade inefficiency factors affecting the two places. The study found that the gross domestic product of the countries along the line and the GDP of Shandong Province have an important impact on the efficiency of Shandong's export trade, whether to sign a free trade agreement is an important factor affecting trade inefficiency.