Research on the Influencing Factors of the International Competitiveness of China’s Service Trade Based on Grey Correlation Analysis

Based on the data onto 2009-2018, this paper measures the international competitiveness of China’s service trade with the help of common trade performance evaluation indexes, constructs the evaluation index system of influencing factors of international competitiveness of service trade with the combination of industrial characteristics and improved "Diamond Model", and then uses the grey correlation analysis method to measure the correlation degree of different influencing factors. The results show that the competitiveness of China’s service trade shows a steady upward trend, but the import-export structure is unreasonable and the deficit is increasing year by year; the export volume of goods, the actual use of foreign capital and the global innovation index have a significant impact on the international competitiveness of China’s service trade. It is suggested to improving the international competitiveness of China’s service trade with the aspects of reducing trade barriers, expanding international market and optimizing industrial structure.