Economic Influencing Factors of Trade Volume Between China and RCEP Member States

This paper examines the impact of key economic factors on trade volumes between China and the Regional Comprehensive Economic Partnership (RCEP) member states. Studies have shown that gross domestic products (GDP), exchange rate, and inflation have an impact on China’s import and export trade volume with RCEP member states. China’s export trade volume to RCEP member states is deeply affected by China’s GDP, but the import trade volume depends on China’s domestic demand and market. The impact of exchange rates on import and export trade volumes varies from country to country. China’s export volume to RCEP member states is generally more affected by the consumption level of its residents than the consumption level of Chinese residents.