A Study on Determinants of China's Service Trade Performance Within the Belt and Road Context

The Belt and Road Initiative has a multifaceted impact on China's services industry in trade performance. This study examines the growth trends of China's services industry in trade performance, identifies key influencing factors, and develops a corresponding analytical model. First, a correlation analysis is conducted between the export volume and urbanization rate, income, labor force, and foreign direct investment to assess the degree of their correlation. Then, econometric analysis is performed using Eviews software. Additionally, the Belt and Road policy is introduced as a dummy variable to further analyze its impact on China's services industry in trade performance. The paper also provides an outlook on the future development of China's services industry in trade.