Research on the Hedging Relationship Between the Main Economic Indicators of China and RCEP Member States

Abstract

In recent years, the bilateral economic and trade relations between China and other Regional Comprehensive Economic Partnership (RCEP) members have developed rapidly, laying a realistic foundation for economic interdependence. In order to comprehensively examine the mechanism of the interdependence of major economic indicators between China and RCEP member states, this paper uses the GAM model to select three main economic indicators of GDP, inflation, and exchange rate, and discusses the economic hedging relationship between China and RCEP member states. The study found that the economic hedging relationship between China and RCEP member states is mainly affected by trade volume, economic scale, and national strength.