• Title/Summary/Keyword: Plan on Zhengzhou Airport Economy Zone

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The Effect of the Government Policy on Foreign Trade of Zhengzhou (중국 정주시의 대외무역에 관한 연구)

  • Li, Feng Ji;Kim, Young-Min
    • The Journal of the Convergence on Culture Technology
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    • v.6 no.4
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    • pp.295-300
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    • 2020
  • Since China opened its door to the world in 1978, its economic development had been concentrated in the Eastern and Western area compared with the middle area. From 2000s, the Chinese government started to develop the middle area in terms of balanced development. With this goal, "Plan on Zhengzhou Airport Economy Zone", and "One Belt and One Road" has implemented in Zhengzhou, where is the an important traffic center in middle area. Meanwhile, the foreign trade of Zhengzhou has been increased about 10 times between 2009 and 2018. In particular, its growth is the fastest among six central cities in 2018 from the lowest in 2009. This study investigates whether the Chinese government policy has an effect on the foreign trade of Zhengzhou. We find that based on the regression analysis of the Principal Component Analysis (PCA), the government policies has a positive impact on the development of Zhengzhou's foreign trade. It is meaningful that the government policy focused on the advantage of Zhengzhou contributes its development of foreign trade.