Research on the Competitiveness and Complementarity of China's Trade Cooperation with the RCEP Region——Take the New Energy Vehicle Industry as an Example
DOI:
https://doi.org/10.61173/gehfhm36Keywords:
RCEP countries, new energy vehicle, import and export trade, trade competitive index, revealed com-parative advantage indexAbstract
With the increasing global emphasis on sustainable development and a green economy, the new energy vehicle industry plays a significant role in the economic transformation of many countries. China, one of the largest markets for new energy vehicles in the world, actively participates in regional economic cooperation. Among them, international trade with the Regional Comprehensive Economic Partnership (RCEP) has attracted widespread attention. The purpose of this thesis is to examine how China and the RCEP region compete and complement each other in the new energy vehicle sector. By analyzing general situations of bilateral trade and the growth pattern of the new energy vehicle industry chain, it explores the current situation and potential of the trade relationship between the two sides. The findings indicate a high complementarity but a relatively low level of overall competition between the two parties in the new energy vehicle sector. As a result, this paper offers a number of policy recommendations for maximizing trade cooperation in order to support the shared growth of the new energy vehicle sector between China and RCEP member nations.
References
technologies, promote the production and research and International Review of Economics and Finance, 2024, 96(PB): development of high value-added products in China, and 103667. contribute to better seizing the current market demands [2] Anran Dong, Bingbing Zhang, Lijuan Cao. New and development opportunities of emerging industries. characteristics, challenges and optimization paths of China‘s (3) Strengthen market access and trade facilitation: digital product exports to RCEP partner countries. International
This article suggests that under the RCEP trade agree- Trade, 2024, (08): 76-86. ment, all countries should actively promote the reduction [3] Xiaolong Wang, Zuoqin Ding. The impact of trade and exemption of tariffs on new energy vehicles and their facilitation on high-quality development of foreign trade: an components, lower trade barriers, and at the same time analysis from the perspective of industrial upgrading. China‘s
facilitate cooperation in their local markets to ensure circulation economy, 2024: 1-16. that products can smoothly enter the markets of various [4] United Nations. UN Comtrade Database. https:// countries. In addition, China is encouraged to sign bilat- comtradeplus.un.org/TradeFlow. Accessed July 2, 2025. eral investment agreements with different RCEP member [5] Zhiqun Zhang. Research on marketing strategies of new countries, clarify the legal rights and interests of inves- energy vehicles under the background of green development.
tors, protect the investment environment, and encourage Chinese Business Theory, 2025, 34(01): 133-6. more capital to flow into the new energy vehicle sector. [6] Guojun Zhu, Na Tang, Honghao Zheng. The process Through policy alignment and tariff reduction, not only mechanism of the emergence of legitimacy in the ecological field can the operating costs of enterprises be lowered, but also by core enterprises of new energy vehicles: a longitudinal study
consumers‘ desire to purchase new energy vehicles can be of two cases from BYD and Tesla. Soft Science, 2024: 1-14. stimulated, further expanding market demand. [7] Chaoyun Lu, Jianbo Guan. Research on the competitiveness and complementarity of trade in mechanical and electrical products between China and other RCEP member countries. 5. Conclusion Foreign Economic and Trade Practice, 2024, 42(04): 26-35. Through an in-depth analysis of the bilateral trade situa- [8] Xi Wang, Jianbing Jiang, Liang Li, et.al. Analysis of the tion, it can be known that as the world‘s attention to green competitiveness and complementarity of fruit trade between development and sustainable development deepens day by China and the countries along the “belt and road”. Northern
day, the global market‘s demand for new energy vehicles Horticulture, 2024, (11): 127-35. is constantly increasing. As a result, China‘s new energy [9] Xuan Jiao. Analysis of the competitiveness and vehicle manufacturing industry can discover huge oppor- complementarity of China-Vietnam trade from the perspective of tunities in these markets. This article predicts that China‘s a community with a shared future. Business Economic Research,
exports of new energy vehicles and related products to 2024, (15): 153-5. RCEP countries will continue to increase in the future. [10] Jiahui LI. Research on the complementarity and With its massive population and economic size ranking competitiveness of ICT product trade between China and BRICS
among the world’s top free trade zones, the RCEP agree- countries. Foreign Trade and Economy, 2024, (03): 6-9+17. ment has also promoted trade exchanges and cooperation [11] Nurbiamu Aili. Research on the complementarity and among countries. Deeper cooperation between China and competitiveness of commodity trade between China and
RCEP member states will serve as a key driver for region- Armenia. Northern Economy and Trade, 2024, (04): 36-41. al economic integration and sustainable growth. However, [12] Bing Zhang, Chaofan Song. Digital transformation, the RCA index and TC index selected in this paper are embedded technology of imported intermediate products and the both static analyses based on a certain point in time and resilience of the new energy vehicle industry chain. International
are difficult to reflect the long-term impact of rapid tech- Economic and Trade Exploration, 2024, 40(09): 73-88. nological iteration, policy changes and market dynamics in the new energy vehicle industry on competitiveness and
Downloads
Published
Issue
Section
License
Copyright (c) 2025 by the authors.
This work is licensed under a Creative Commons Attribution 4.0 International License.
