November 24, 2020

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Vertical Specialization and Trade Surplus in China

Vertical Specialization and Trade Surplus in China
Author : Wang Wei
Publisher : Elsevier
Release Date : 2013-05-09
Category : Business & Economics
Total pages :204
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The traditional flow of goods from primary production through to manufacturing and consumption has expanded across international borders conterminously with globalization. Vertical specialization (VS) in processing and manufacturing in China has driven export growth. In particular, intra-industry and intra-product trade between China, the US and East Asia has increased China’s trade surplus over the long term. Vertical Specialization and Trade Surplus in China aims to measure the level of VS in the Chinese manufacturing industry to provide a more accurate representation of China’s trade surplus, and gives empirical analysis on provinces and products with important VS activities in order to assess China’s trade value-added. Exploring the vertical division of labour, and foreign direct investment (FDI) driving China’s import and export imbalance, the book is divided into eight chapters, each covering an aspect of VS in China. The first chapter outlines the aims and method of the study. Chapter two covers VS trade pattern and trade surplus. Chapter three looks at FDI and the import and export imbalance, and chapter four covers the relationship between VS and import and export of foreign invested enterprises. The fifth chapter considers the causes and prospects for growth in China-US and China-Japan trade. Chapters six and seven give an empirical analysis of VS and trade surplus, and a breakdown of VS per industry in China’s provinces. Finally, chapter eight considers rebalancing imports and exports in China. Measures VS across China including the developed provinces based on the newest input-output table Presents the main provinces and products closely related to VS Gives evidence on global VS trade patterns from China’s national data

Achieving Inclusive Growth in China Through Vertical Specialization

Achieving Inclusive Growth in China Through Vertical Specialization
Author : Wei Wang
Publisher : Chandos Publishing
Release Date : 2016-03-17
Category : Business & Economics
Total pages :376
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Vertical Specialization and Inclusive Growth in China discusses the two interrelated developments that have transformed the Chinese economy in recent years. First, the global community has increased calls to foster inclusive economic growth, with China embracing this trend. Second, the explosive growth in China’s trade resulting from international vertical specialization production and trade networks which has complicated the notion of inclusive growth in the Chinese context. This book assesses these two trends quantitatively, giving evidence of the link between vertical specialization and inclusive growth, and then decomposing the inclusive growth effects of vertically specialized trade into six components: GDP growth, export growth, FDI, environment, employment, and innovation. It further explores the differing impact of conventional trade and processing trade on inclusive growth, providing direction for future policy. This second book by the author to consider vertical specialization stresses the importance of integration in driving inclusive growth. Argues that inclusive growth and vertical specialization analyses must be performed together Gives quantitative evidence for the link between vertical specialization and inclusive growth in China Investigates the different impact of conventional trade and processing trade on transition to inclusive growth in China, using comparative analysis techniques Offers insight on forming future policy in China to increase inclusive growth

The Chinese Economic Renaissance

The Chinese Economic Renaissance
Author : D. Das
Publisher : Springer
Release Date : 2008-07-10
Category : Business & Economics
Total pages :263
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Following the launch in China of economic reforms and the 'open door policy', a new era of economic growth and global integration dawned. In 2008, the thirtieth anniversary year, China completes three decades of broad-based market-oriented macroeconomic reforms and restructuring. This book traces China's economic renaissance.

On China's Trade Surplus

On China's Trade Surplus
Author : Tao Yuan
Publisher : Springer Science & Business Media
Release Date : 2013-07-19
Category : Business & Economics
Total pages :96
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China’s trade surplus is an essential question, but there are many popular misconceptions about it, a fact that prompted the creation of this book, On China's Trade Surplus. It will help readers to understand the manner in which China’s foreign trade and China’s role in global trade have developed, and to how to benefit from trade with China. In this book, many hot topics are analyzed, such as: What promotes China’s trade surplus? Why doesn’t it have a trade deficit? What are the relations between trade frictions and China’s trade surplus, and how can trade frictions be reduced? What is the deeper meaning of the U.S. trade deficit with China?

China's WTO Accession Reassessed

China's WTO Accession Reassessed
Author : Wang Luolin
Publisher : Routledge
Release Date : 2015-02-20
Category : Political Science
Total pages :580
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China's accession to the World Trade Organisation in 2001 was a highly significant event both for China and for the wider world. This book argues that, although at the time some people doubted the likely benefits, China's WTO accession has been highly successful. It discusses how China has abided by its commitment to WTO terms and how WTO membership has contributed to China's reform and opening up; explores how vastly increased co-operative exchange with many countries around the world has been mutually beneficial in a range of fields including trade, science and culture; and shows how China's WTO membership has been a great stimulus both for China's economy and the world economy. The book considers the subject from a number of perspectives, and draws out lessons for future reform and development for China, and for China's relations with the rest of the world, emphasising the need to maintain a win-win approach.

Trade Patterns and Global Value Chains in East Asia

Trade Patterns and Global Value Chains in East Asia
Author : World Trade Organization
Publisher : Unknown
Release Date : 2011
Category : Business & Economics
Total pages :128
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The increasing internationalization of supply chains is challenging our interpretation of conventional trade statistics, as traditional concepts such as country of origin or the distinction between goods and services become blurred. This publication, jointly produced by the WTO and the Institute of Developing Economies-Japan External Trade Organization (IDE-JETRO), focuses on the factors that have helped to shape global productions.

China's International Relations in Asia

China's International Relations in Asia
Author : Mingjiang Li
Publisher : Routledge
Release Date : 2009-10-01
Category : Political Science
Total pages :400
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Regional Economic Outlook

Regional Economic Outlook
Author : Anonim
Publisher : Unknown
Release Date : 2007-04
Category : Asia
Total pages :129
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Are Chinese Exports Sensitive to Changes in the Exchange Rate?

Are Chinese Exports Sensitive to Changes in the Exchange Rate?
Author : Shaghil Ahmed
Publisher : Unknown
Release Date : 2009
Category : China
Total pages :36
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This paper builds a model of two types of Chinese exports, those processed and assembled laregely from imported inputs ("processed" exports) and "non-processed" exports. Based on this model, the sensitivity of Chinese exports to exchange rate changes is empirically examined. Unlike previous work, the estimation period includes the net real appreciation of the renminbi that has occurred over the past three years. The results show that greater exchange rate appreciation dampens export growth, both for non-processed and processed exports, with the estimated cumulative price elasticity being substantially greater than unity. When the source of the increase in the Chinese real exchange rate is appreciations against the currencies of other emerging Asian trading partners, the effect on processing exports is positive but insignficant, while the effect on non-processing exports is significantly negative. By contrast, when the source of the increase in the Chinese real exchange rate is appreciation against China's advanced-economy trading partners, the effects on both types of exports are negative. These results are consistent with the predictions of the theoretical model. Counterfactual simulations based on the estimated model strongly suggest that if the trade-weighted real renminbi had appreciated at an annual rate of 10 percent per quarter since mid-2005, Chinese real exports would have been roughly 30 percent lower today. Thus greater exchange rate flexibility could contribute to lowering China's huge trade surplus through restraining growth of exports.

Korea and the Dual Chinese Challenge

Korea and the Dual Chinese Challenge
Author : Nicolas Françoise
Publisher : Unknown
Release Date : 2005
Category : China
Total pages :66
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China in a Globalizing World

China in a Globalizing World
Author : United Nations Conference on Trade and Development,China. Shang wu bu
Publisher : United Nations Publications
Release Date : 2005
Category : Business & Economics
Total pages :183
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China has achieved a significant rise in economic growth and development levels over the past two decades, which has transformed the country into a global economic force. This publication contains a collection of papers which discuss some of the key issues relating to China's development path in an increasingly globalising world, derived from various seminars held in relation to the joint UNCTAD/Ministry of Commerce of China (MOFCOM) project on 'Managing globalization and economic integration'.

Towards a Better Global Economy

Towards a Better Global Economy
Author : Franklin Allen,Jere R. Behrman,Nancy Birdsall,Shahrokh Fardoust,Dani Rodrik,Andrew Steer,Arvind Subramanian
Publisher : OUP Oxford
Release Date : 2014-09-04
Category : Business & Economics
Total pages :352
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Substantial progress in the fight against extreme poverty was made in the last two decades. But the slowdown in global economic growth and significant increases in income inequality in many developed and developing countries raise serious concerns about the continuation of this trend into the 21st century. The time has come to seriously think about how improvements in official global governance, coupled with and reinforced by rising activism of 'global citizens' can lead to welfare-enhancing and more equitable results for global citizens through better national and international policies. This book examines the factors that are most likely to facilitate the process of beneficial economic growth in low-, middle-, and high-income countries. It examines past, present, and future economic growth; demographic changes; the hyperglobalization of trade; the effect of finance on growth; climate change and resource depletion; and the sense of global citizenship and the need for global governance in order to draw longer-term implications, identify policy options for improving the lives of average citizens around the world, and make the case for the need to confront new challenges with truly global policy responses. The book documents how demographic changes, convergence, and competition are likely to bring about massive shifts in the sectoral and geographical composition of global output and employment, as the center of gravity of the global economy moves toward Asia and emerging economies elsewhere. It shows that the legacies of the 2008-09 crisis-high unemployment levels, massive excess capacities, and high debt levels-are likely to reduce the standard of living of millions of people in many countries over a long period of adjustment and that fluctuations in international trade, financial markets, and commodity prices, as well as the tendency of institutions at both the national and international level to favor the interests of the better-off and more powerful pose substantial risks for citizens of all countries. The chapters and their policy implications are intended to stimulate public interest and facilitate the exchange of ideas and policy dialogue.

Environment & Planning A.

Environment & Planning A.
Author : Anonim
Publisher : Unknown
Release Date : 2011
Category : City planning
Total pages :129
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Finance & Development

Finance & Development
Author : Anonim
Publisher : Unknown
Release Date : 2003
Category : Economic assistance
Total pages :129
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China's Exports and Employment

China's Exports and Employment
Author : Robert C. Feenstra,Chang Hong
Publisher : Unknown
Release Date : 2007
Category : Exports
Total pages :38
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Dooley et al (2003, 2004a, b, c) argue that China seeks to raise urban employment by 10-12 million persons per year, with about 30% of that coming from export growth. In fact, total employment increased by 7.5-8 million per year over 1997-2005. We estimate that export growth over 1997-2002 contributed at most 2.5 million jobs per year, with most of the employment gains coming from non-traded goods like construction. Exports grew much faster over the 2000-2005 period, which could in principal explain the entire increase in employment. However, the growth in domestic demand led to three-times more employment gains than did exports over 2000-2005, while productivity growth subtracted the same amount again from employment. We conclude that exports have become increasingly important in stimulating employment in China, but that the same gains could be obtained from growth in domestic demand, especially for tradable goods, which has been stagnant until at least 2002.