TITLE:
The Empirical Study on Potential of Bilateral Trade between China and Kenya in the Context “The Belt and Road”
AUTHORS:
Wenli Li, Chenggang Li
KEYWORDS:
Kenya, Bilateral Trade in Goods, Trade Intensity Index, Trade Potentialities
JOURNAL NAME:
Theoretical Economics Letters,
Vol.10 No.1,
February
14,
2020
ABSTRACT: With the further development of “The Belt and Road”,
bilateral trade between China and Kenya is becoming increasingly close. In
order to further understand the development of bilateral trade in goods between
China and Kenya, as well as the development trend of trade potential in the
future, this paper uses trade intensity index and trade potential index to
estimate the potential of bilateral goods trade between China and Kenya. The
following conclusions are drawn: the import trade links between China and Kenya
are relatively loose; the export trade links are relatively close; the
import/export trade between the two sides is increasing year by year, with a
better development trend in the future; although the trade potential index has
fluctuated in the past decade, it has been rising in the past three years, with
a better trend in the future. Through the analysis of trade potential, this
paper summarizes the problems existing in the bilateral trade between China and
Kenya, and puts forward relevant countermeasures and suggestions.