Research on Trading Relationship between China and Latin America based on Terms of Trade Analysis

Hongfeng Chen

Zhejiang University Hangzhou, Zhejiang, China

Abstract: China has made great achievements in foreign trade growth, but in recent years, Latin America lay the basis for market development to hedge the risk of trade in Europe and America and other countries. Latin American countries' resources curse is not a simple problem of resource endowment advantage in the essence, but in-depth resource use efficiency problem, which relates to technological innovation and trade, product optimization, in terms of trade framework, it reflects terms of trade trends in service. In recent years, the state support industrial upgrading, this reflects the mind of improving efficiency of resource usage.

Keywords: terms of trade; trading relationship; Latin America