The Attraction and Prospect of China-EU Train and China-EU Trade:Based on Trade Gravity Model
Yu Min;Liu Yiming;
In the past,China trade with Europe and North America mainly by sea. With the opening of China-EU train,China and Europe can trade by land. As a trade channel of the New Silk Road,China-EU train has rapid growing since its opening. Analyzing the trade data between China and European in the first half of 2018 by trade gravity model,it is found that the trade volume between China and European is relatively balance,due to trade frictions between China and the United States,the trade volume between China and Europe grew faster than that between China and North America,so the trade attraction of China and Europe is on the rise. Finally,it is concluded that the number of China-EU train operators is increasing rapidly,and the trade volume between China and Europe is accelerating,which indicates that the economic and trade relations between China and Europe are closer. Under the influence of Sino-US trade war,China-EU trade will accelerated growth,and the role of China-EU train will become more and more important.