Decoding China's Export Miracle: A Global Value Chain Analysis

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Author :
Publisher : World Scientific
ISBN 13 : 9811229643
Total Pages : 214 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Decoding China's Export Miracle: A Global Value Chain Analysis by : Yuqing Xing

Download or read book Decoding China's Export Miracle: A Global Value Chain Analysis written by Yuqing Xing and published by World Scientific. This book was released on 2021-03-17 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has emerged as the world's largest exporting nation with more than $2 trillion exports annually. China's quick rise as a leading exporter in the world is an unprecedented miracle. There are many theories explaining this miracle. This book adopts the global value chain (GVC) approach to analyze the Chinese export miracle over the last four decades. It focuses on the tasks rather than the gross export value and emphasizes the organizations of modern trade rather than the national comparative advantage. The GVC approach systematically explains how, in less than four decades China has evolved from a closed economy to the world's No. 1 exporting nation; why China, a developing country, has exported more high-technology products than labor-intensive products to the US; and why almost half of the US trade deficit has originated from China.The book identifies three spillover effects of GVCs that originated from brands, technology and product innovation, and distribution and retail networks of GVCs lead firms. It argues that China's deep integration with GVCs has been a decisive factor for China's emergence as the world's No.1 exporting nation and the champion of high-technology exports. In addition, this book uses iPhone trade and the operation of Apple, the largest factory-less American manufacturer, to explain how current trade statistics exaggerate China's exports to and its trade surplus with the US on the one hand, and underestimate US exports on the other hand.By using the experience of the Chinese mobile phone industry, the book argues that the GVC strategy can be a short-cut for developing countries to achieve industrialization and enable firms of developing countries to enter high-technology sectors despite their intrinsic disadvantages. At this end, the book also discusses the future trajectory of China-centered GVCs under the shadow of the US-China trade war and the COVID-19 pandemic.

Exports to China

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Exports to China by : United States. Congress. House. Committee on Energy and Commerce. Special Subcommittee on U.S. Trade with China

Download or read book Exports to China written by United States. Congress. House. Committee on Energy and Commerce. Special Subcommittee on U.S. Trade with China and published by . This book was released on 1984 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China's Growing Role in World Trade

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226239721
Total Pages : 603 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis China's Growing Role in World Trade by : Robert C. Feenstra

Download or read book China's Growing Role in World Trade written by Robert C. Feenstra and published by University of Chicago Press. This book was released on 2010-03-10 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.

The Anatomy of China's Export Growth

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Anatomy of China's Export Growth by : Mary Amiti

Download or read book The Anatomy of China's Export Growth written by Mary Amiti and published by World Bank Publications. This book was released on 2008 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Decomposing China's real export growth, of over 500 percent since 1992, reveals a number of interesting findings. First, China's export structure changed dramatically, with growing export shares in electronics and machinery and a decline in agriculture and apparel. Second, despite the shift into these more sophisticated products, the skill content of China's manufacturing exports remained unchanged, once processing trade is excluded. Third, export growth was accompanied by increasing specialization and was mainly accounted for by high export growth of existing products (the intensive margin) rather than in new varieties (the extensive margin). Fourth, consistent with an increased world supply of existing varieties, China's export prices to the United States fell by an average of 1.5 percent per year between 1997 and 2005, while export prices of these products from the rest of the world to the United States increased by 0.4 percent annually over the same period.

Decoding China's Export Miracle

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Author :
Publisher : World Scientific Publishing Company
ISBN 13 : 9789811268335
Total Pages : 0 pages
Book Rating : 4.2/5 (683 download)

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Book Synopsis Decoding China's Export Miracle by : Yuqing Xing

Download or read book Decoding China's Export Miracle written by Yuqing Xing and published by World Scientific Publishing Company. This book was released on 2021-04-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has emerged as the world's largest exporting nation with more than $2 trillion exports annually. China's quick rise as a leading exporter in the world is an unprecedented miracle. There are many theories explaining this miracle. This book adopts the global value chain (GVC) approach to analyze the Chinese export miracle over the last four decades. It focuses on the tasks rather than the gross export value and emphasizes the organizations of modern trade rather than the national comparative advantage. The GVC approach systematically explains how, in less than four decades China has evolved from a closed economy to the world's No. 1 exporting nation; why China, a developing country, has exported more high-technology products than labor-intensive products to the US; and why almost half of the US trade deficit has originated from China.The book identifies three spillover effects of GVCs that originated from brands, technology and product innovation, and distribution and retail networks of GVCs lead firms. It argues that China's deep integration with GVCs has been a decisive factor for China's emergence as the world's No.1 exporting nation and the champion of high-technology exports. In addition, this book uses iPhone trade and the operation of Apple, the largest factory-less American manufacturer, to explain how current trade statistics exaggerate China's exports to and its trade surplus with the US on the one hand, and underestimate US exports on the other hand.By using the experience of the Chinese mobile phone industry, the book argues that the GVC strategy can be a short-cut for developing countries to achieve industrialization and enable firms of developing countries to enter high-technology sectors despite their intrinsic disadvantages. At this end, the book also discusses the future trajectory of China-centered GVCs under the shadow of the US-China trade war and the COVID-19 pandemic.

Trading with China

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475595832
Total Pages : 13 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Trading with China by : Mr.JaeBin Ahn

Download or read book Trading with China written by Mr.JaeBin Ahn and published by International Monetary Fund. This book was released on 2017-05-23 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and late-2000s, separately identifying the export and import channels. We use country-sector-level data for 18 advanced economies and, similar to Autor, Dorn, and Hanson (2013), exploit exogenous variation in trade with China in a given country-sector by instrumenting imports from (exports to) China in a given country-sector with the average imports from (exports to) China in the same sector in other advanced economies. Our estimates point to large productivity gains from trading with China—the (exogenous) rise of China in global trade may have increased the level of total factor productivity by about 1.9 percent, or 12.3 percent of the overall increase over the sample period, in the median country-sector. By contrast, using a similar empirical strategy, we find adverse employment effects of Chinese imports in exposed country-industries, consistent with previous studies. Taken together, these findings point to large gains from free trade, while underscoring the scope for a more active policy role in redistributing them, particularly by easing workers’ transition between jobs and industries.

China's Trade with the United States and the World

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Author :
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (229 download)

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Book Synopsis China's Trade with the United States and the World by : Thomas Lum

Download or read book China's Trade with the United States and the World written by Thomas Lum and published by . This book was released on 2007 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

America's China Trade in Historical Perspective

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Author :
Publisher : Harvard Univ Asia Center
ISBN 13 : 9780674030756
Total Pages : 420 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis America's China Trade in Historical Perspective by : Ernest R. May

Download or read book America's China Trade in Historical Perspective written by Ernest R. May and published by Harvard Univ Asia Center. This book was released on 1986 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores commercial relations between the United States and China from the eighteenth century until 1949, fleshing out with facts the romantic and shadowy image of "the China trade." These nine chapters by specialists in the field have developed from papers they presented at a conference supported by the national Committee on American-East Asian Relations. The work begins with an Introduction by John K. Fairbank, then moves on to analysis of the old China trade up to the American Civil War, centering on traditional Chinese exports of tea and silk. A second section deals with American imports into China--cotton textiles and textile-related goods, cigarettes, kerosene. Finally, the impact of the trade on both countries is assessed and the operations of American-owned and multinational companies in China are examined. For both the United States and China, the economic importance of the trade proves to have been less than the legend might suggest.

China and Asia in Global Trade Slowdown

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484368568
Total Pages : 46 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis China and Asia in Global Trade Slowdown by : Gee Hee Hong

Download or read book China and Asia in Global Trade Slowdown written by Gee Hee Hong and published by International Monetary Fund. This book was released on 2016-05-26 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China’s import growth slowed starkly, driven by both external and domestic factors, including a rebalancing of demand. Econometric results point to weak investment and rebalancing as the main causes of the import slowdown. Spillover effects from China’s rebalancing are estimated for some 60 countries using value-added trade data, and are found to be more negative on Asia and commodity exporters than others.

The Shifting Structure of China's Trade and Production

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Shifting Structure of China's Trade and Production by : Li Cui

Download or read book The Shifting Structure of China's Trade and Production written by Li Cui and published by International Monetary Fund. This book was released on 2007-09 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses disaggregated trade data to assess how the expansion of China's production capacity and its changing production structure may be affecting its trade linkages with other countries. It finds that China is moving away from traditional assembly operations in its processing activities and its exports have started to rely more on domestically sourced components. In turn, China's imports and exports have begun to delink, with increased domestic sourcing contributing to the recent increase in its trade balance. In addition, as China moves up the value chain, both its imports and exports have become more sophisticated than in the past. As a result of these shifts, China may be becoming more exposed to fluctuations in the strength of the global economy, and changes in its exchange rate could have a bigger impact on the trade balance and the domestic economy than commonly believed.

China-U.S. Trade Issues

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437980856
Total Pages : 37 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis China-U.S. Trade Issues by : Wayne M. Morrison

Download or read book China-U.S. Trade Issues written by Wayne M. Morrison and published by DIANE Publishing. This book was released on 1991 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China's Changing Trade and the Implications for the CLMV

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513544993
Total Pages : 84 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis China's Changing Trade and the Implications for the CLMV by : Mr.Koshy Mathai

Download or read book China's Changing Trade and the Implications for the CLMV written by Mr.Koshy Mathai and published by International Monetary Fund. This book was released on 2016-09-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

China¿s Economic Conditions

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437927629
Total Pages : 36 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis China¿s Economic Conditions by : Wayne M. Morrison

Download or read book China¿s Economic Conditions written by Wayne M. Morrison and published by DIANE Publishing. This book was released on 2010-10 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the initiation of economic reforms and trade liberalization 30 years ago, China has been one of the world¿s fastest-growing economies and has emerged as a major economic and trade power. China¿s economy and economic policies are of major concern to many U.S. policymakers. Contents of this report: Most Recent Developments; An Overview of China¿s Economic Development; Measuring the Size of China¿s Economy; Foreign Direct Investment in China; China¿s Trade Patterns; China¿s Growing Overseas Direct Investment; Major Long-Term Challenges Facing the Chinese Economy; Fallout From the Current Global Financial Crisis. Charts and tables.

China-U.S. Trade Issues

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Author :
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis China-U.S. Trade Issues by : Wayne M. Morrison

Download or read book China-U.S. Trade Issues written by Wayne M. Morrison and published by . This book was released on 1998 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Importing from China

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Author :
Publisher : Greenhaven Press, Incorporated
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Importing from China by : Debra A. Miller

Download or read book Importing from China written by Debra A. Miller and published by Greenhaven Press, Incorporated. This book was released on 2009 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is America's largest trading partner. Goods imports from China totaled 462.8 billion dollars in 2016. This anthology explores issues related to importing from China. It contains a diverse collection of essays, written by leading authorities in their respective fields. Taken together, they offer a wide array of views on issues such as the trade deficit and the safety of Chinese products. Disparate viewpoints of complex issues are encapsulated in each chapter with the use of a question-and-response format.

Big Dragon, Little Dragons: China's Challenge to the Machinery Exports of Southeast Asia

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4./5 ( download)

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Book Synopsis Big Dragon, Little Dragons: China's Challenge to the Machinery Exports of Southeast Asia by : Sjamsu Rahardja

Download or read book Big Dragon, Little Dragons: China's Challenge to the Machinery Exports of Southeast Asia written by Sjamsu Rahardja and published by World Bank Publications. This book was released on 2007 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper investigates the extent of China's export boom in machinery and analyzes trade in components and finished machinery between China and Southeast Asia. China has increased its world market share in machinery exports. The median relative unit value of its finished machinery exports has also risen. Yet the author finds no evidence that China's expansion in the world machinery market has squeezed the market shares of Southeast Asian machinery exports. Instead, components made by Southeast Asian countries are increasing in unit value and gaining market share in China.

The Dragon in the Room

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Author :
Publisher : Stanford University Press
ISBN 13 : 0804775982
Total Pages : 219 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis The Dragon in the Room by : Kevin Gallagher

Download or read book The Dragon in the Room written by Kevin Gallagher and published by Stanford University Press. This book was released on 2010-09-24 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the eyes of many, China's unprecedented economic rise has brought nothing but good news to the countries of Latin America and the Caribbean. Indeed, China's growing appetite for primary products, and the ability of Latin America to supply that demand, has played a role in restoring growth in Latin America, both in the run-up to the global financial crisis and in its aftermath. The dragon in the room that few are talking about is the fact that China is simultaneously out-competing Latin American manufacturers in world markets—so much so that it may threaten the ability of the region to generate long-term economic growth. One of the authors' key claims is that China is rapidly building the technological capabilities necessary for industrial development, whereas Latin American tech innovation and sophistication lags considerably. At a deeper level, the findings in this volume imply that China's road to globalization, one that emphasizes gradualism and coordinated macro-economic and industrial policies, is far superior to the "Washington Consensus" route taken by most Latin American nations, particularly Mexico.