A Study on competitive advantage and risk management of trade between Guangxi and ASEAN-countries

The establishment of CAFTA(China-ASEAN Free Trade Area) and the implementation of the Belt and Road initiative will explore new growth of trade between Guangxi Zhuang Autonomous Region and ASEAN countries. This paper describes the competitive advantages of Guangxi and explains how to avoid competitive risks in the Guangxi-ASEAN trade, from two aspects of trade structure optimization and tax revenue loss. The comparative advantages of Guangxi include trade surplus, product competitiveness. The competitive risks, which come from long-term existence of low end competitive advantages, include trade dependence, export imbalance. Guangxi should increase competitiveness regional trade while reducing risks.