BasedonpaneldataonChinesetradeelasticityestimatesAbstract:Between1990and2005Chinaandits20majortradingcountriesandregions,paneldata,analternativetheoreticalconstructbasedonincompleteempiricalmodel,usingpaneldataunitrootandcointegrationtechniquesonChina’sforeigntradepriceandincomeelasticityestimates.Theresultsshowedthat:importandexporttradearelackofflexibilityonprice,fromtheincomeelasticityofview,theincomeelasticityofimportdemandislessthan2,theexportincomeelasticityiscloseto5,exportsrelativetoimportshasagreaterincomeelasticity,whichisresultinginthecontextoftheglobalfinancialcrisisChina’smaintradesituationreversed.Keywords:foreigntrade;incomeelasticity;priceelasticityI.Backgroundandliteraturereviewfromtheendof2001China’saccessiontoWTO,China’sforeigntradevolumeinthefollowingseveralconsecutiveyearsof---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---morethan20%growth,whiletradesurplusmaintainedafastergrowthrateof.2006China’stradesurplusfortheyears1775million,in2007thisfigurereached2622billion,upbynearly50%growthinexporttradecontinuedtoincreaseforeignexchangeearningsunderChina,othercountrieshadtobearthe‘MadeinChina‘Thehugetradedeficit,China’stradingpartnersinordertoalleviateandreversethedeterioratingtradingenvironment,inadditiontothe’anti-dumping‘measurestoimposesanctionsonChinesecompaniesoutside①,willfocusmoreontheRMBappreciationofRMBexchangerateinthisperiodperiodalsohitnewhigh,breakingthe1:7mark,butwithChina’stradingpartnersexpectedthecontrary,China’simportsandexportsinthisperiodwasnotaffectedmuch,exportvolumetomaintain20%growthrate.enterIn2008,thesubprimemortgagecrisisthatbeganintheglobalfinancialcrisisspread,mostoftheworldhavebeenaffectedcountriesandregions,countriesandregionsshowingdifferentdegreesofeconomicrecession,theimpactofshrinkingglobaldemand,themonthlyimportandexportinNovembertherehasbeengrosssince---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---October2001,thefirstnegativegrowth.Chinatradeandtherecentemergenceofnewchangesintheinternationalcommunity’sattention,alargenumberofscholarshavetriedtointerpretthisfromadifferentpointofview,accordingtoGoldstEinandKhan(1985)proposedanalternativetheoryofincompleteexchangerateandincomeaffectacountry’stwoimportantaspectsoftrade,China’simportandexporttradeandexchangeratemovementsandchangesmaybecausedbypricefluctuationsandchangesinnationalincomearecloselyrelatedbasedonimperfectsubstitutestheory,manyscholarsofChina’sforeigntradepriceelasticityandincomeelasticityestimates.LiYining(1991)1970-1983inChina’sforeigntradedatainempiricalanalysisfoundthattheexchangerateflexibilityinChina’simportandexportless,wereonly0.6871and0.0506,ChenBiao,suchas(1992),DaiZuxiang(1997),Zhang(2001)basedondifferentdatausingdifferentmethodsofempiricalresultsalsoreachedasimilarconclusion.ZhutrueLi(2002),analternativetheorybasedonincompleteempiricalmodelbuilding---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---calculations,theresultsshowthatChina’sexportpriceelasticityofdemandandincomeelasticity2.03and1.72,respectively,thepriceelasticityofimportdemandandincomeelasticityof0.68and0.21,respectively,thatthenationalincome,theimpactfactorsforthetradebalanceissignificant.YinDesheng(2004)useunitrootandcointegrationtestwasestablishedbyChina’stradebalanceequation,importandexportdemandequat...