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China's Foreign Trade in the Perspective of a More Balanced Economic Growth

Author

Listed:
  • Guillaume Gaulier
  • Françoise Lemoine
  • Deniz Ünal

Abstract

The global crisis is forcing China’s economy to become less dependent on foreign markets. Manufacturing industry has to adjust to changes in international demand. Foreign affiliates’ processed exports are vulnerable to the slow-down of Western demand, while Chinese exporting firms are better placed to switch to dynamic emerging markets. China’s ordinary imports have risen fast. Asia has enlarged its share in the domestic market, Europe has kept a strong position while North-America has lost ground. China has become the engine of the regional economic growth. Foreign-capital firms have played an increasing part in China’s imports and industrial production. China’s policy towards FDI is at least as important as its exchange rate policy to determine foreign partners’ access to its domestic market.

Suggested Citation

  • Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2011. "China's Foreign Trade in the Perspective of a More Balanced Economic Growth," Working Papers 2011-03, CEPII research center.
    • Handle: RePEc:cii:cepidt:2011-03
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Thorbecke, Willem, 2011. "Transpacific Imbalances and Macroeconomic Codependency," ADBI Working Papers 299, Asian Development Bank Institute.
    2. Willem Thorbecke, 2015. "Enjoying the Fruits of Their Labor: Redirecting Exports to Asian Consumers," Asian Development Review, MIT Press, vol. 32(2), pages 95-114, September.
    3. THORBECKE, Willem, 2015. "Understanding the Evolution of Japan's Exports," Discussion papers 15131, Research Institute of Economy, Trade and Industry (RIETI).
    4. Claudia Godbout & Sean Langcake, 2013. "Demand for Manufacturing Imports in China," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-28, June.
    5. Thorbecke, Willem, 2016. "Understanding Chinese consumption goods imports," Journal of Policy Modeling, Elsevier, vol. 38(1), pages 96-102.
    6. THORBECKE, Willem, 2014. "Rebalancing Trade within East Asian Supply Chains," Discussion papers 14002, Research Institute of Economy, Trade and Industry (RIETI).
    7. Thorbecke, Willem, 2017. "How Would a Slowdown in the People’s Republic of China Affect its Trading Partners?," ADBI Working Papers 634, Asian Development Bank Institute.
    8. Catherine Figuière & Laëtitia Guilhot & Cyriac Guillaumin, 2013. "La question du régime de change en Asie de l'Est : Vers un bloc monétaire régional ?," Revue d'économie politique, Dalloz, vol. 123(2), pages 265-298.
    9. THORBECKE, Willem, 2012. "East Asian Supply Chains and Relative Prices: A survey of the evidence," Policy Discussion Papers 12006, Research Institute of Economy, Trade and Industry (RIETI).
    10. Thorbecke, Willem & Salike, Nimesh, 2011. "Understanding Foreign Direct Investment in East Asia," ADBI Working Papers 290, Asian Development Bank Institute.
    11. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2012. "The rise of emerging economies in the EU15 trade," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(1), pages 133-175, April.
    12. Marie Coiffard & Laëtitia Guilhot, 2012. "Migrations internationales : la mobilité des Hommes, facteur d'intégration régionale en Asie Orientale ?," Post-Print halshs-00755102, HAL.
    13. Zhang, Yan & Bai, Zhuoran & Findaly, Christopher, 2021. "Value-added Tax Reform and Services Exports: Evidence from China," MPRA Paper 111184, University Library of Munich, Germany, revised 2021.
    14. Willem Thorbecke & Gordon Smith, 2012. "Are Chinese Imports Sensitive To Exchange Rate Changes?," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 1-15.
    15. Françoise Lemoine & Deniz Ünal, 2012. "Scanning the Ups and Downs of China’s Trade Imbalances," Working Papers 2012-14, CEPII research center.
    16. Sun, Yutao & Grimes, Seamus, 2016. "China’s increasing participation in ICT’s global value chain: A firm level analysis," Telecommunications Policy, Elsevier, vol. 40(2), pages 210-224.
    17. Andrea Elteto & Katalin Volgyi, 2013. "The development of Hungarian Foreign Trade with Asia," IWE Working Papers 200, Institute for World Economics - Centre for Economic and Regional Studies.
    18. Guilhem Fabre & Stéphane Grumbach, 2012. "The World upside down, China's R&D and innovation strategy," Working Papers halshs-00686389, HAL.

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    More about this item

    Keywords

    China; Growth model; FDI; Ordinary trade; Domestic market;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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