Research on the Competitiveness and Complementarity of China's Trade Cooperation with the RCEP Region——Take the New Energy Vehicle Industry as an Example

Abstract

With the increasing global emphasis on sustainable development and a green economy, the new energy vehicle industry plays a significant role in the economic transformation of many countries. China, one of the largest markets for new energy vehicles in the world, actively participates in regional economic cooperation. Among them, international trade with the Regional Comprehensive Economic Partnership (RCEP) has attracted widespread attention. The purpose of this thesis is to examine how China and the RCEP region compete and complement each other in the new energy vehicle sector. By analyzing general situations of bilateral trade and the growth pattern of the new energy vehicle industry chain, it explores the current situation and potential of the trade relationship between the two sides. The findings indicate a high complementarity but a relatively low level of overall competition between the two parties in the new energy vehicle sector. As a result, this paper offers a number of policy recommendations for maximizing trade cooperation in order to support the shared growth of the new energy vehicle sector between China and RCEP member nations.