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The Global Financial Crisis and the Export-Led Economic Growth in China

Author

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  • Ming-Hua Liu
  • Dimitris Margaritis
  • Yang Zhang

Abstract

The growing trade conflict with the United States has heightened concerns on the progress of China’s economic rebalancing and restructuring from export-led growth strategy to one propelled by domestic consumption. This article examines the role of exports in China’s economic growth in both the short run and the long run. Using an ARDL model and quarterly time series data from 1994 and 2018, we find evidence indicating heightened importance of exports in China’s GDP growth after the Global Financial Crisis, and our results suggest that the transition from an export-led growth strategy is proceeding far less smoothly than hoped.

Suggested Citation

  • Ming-Hua Liu & Dimitris Margaritis & Yang Zhang, 2019. "The Global Financial Crisis and the Export-Led Economic Growth in China," Chinese Economy, Taylor & Francis Journals, vol. 52(3), pages 232-248, May.
    • Handle: RePEc:mes:chinec:v:52:y:2019:i:3:p:232-248
    DOI: 10.1080/10971475.2018.1548144
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    Citations

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    Cited by:

    1. Pankhuri Sein & Ash Narayan Sah, 2025. "Export dynamics, exchange rate volatility, and economic stability: evidence from Asia-Pacific economies," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.
    2. Irena Jindřichovská & Erginbay Uğurlu, 2021. "E.U. and China Trends in Trade in Challenging Times," JRFM, MDPI, vol. 14(2), pages 1-19, February.
    3. Michael Appiah & Stephen Taiwo Onifade & Bright Akwasi Gyamfi, 2025. "Pathways to Sustainability in Sub-Sahara Africa: Are Institutional Quality Levels Subservient in Achieving Green GDP Growth?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 2366-2390, March.
    4. Li, Li, 2023. "Commodity prices volatility and economic growth: Empirical evidence from natural resources industries of China," Resources Policy, Elsevier, vol. 80(C).
    5. Cui, Kai & Yang, Wen, 2025. "The digital economy and the resilience of enterprise exports: Supply chain stability as a mediator," Finance Research Letters, Elsevier, vol. 73(C).
    6. Zhi Chen & Jinfeng Yang & Peigong Li & Stavros Sindakis, 2024. "Navigating the Knowledge Economy: Unraveling the Impact of Executive Policy Cognition on ESG Performance in China’s A-Share Listed Companies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 15788-15832, December.
    7. Shujaat Naeem Azmi & Tasneem Khan & Wajahat Azmi & Naghma Azhar, 2023. "A panel cointegration analysis of linkages between international trade and tourism: case of India and South Asian Association for Regional Cooperation (SAARC) countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(6), pages 5157-5176, December.
    8. Sufian Ahammed & Md. Masud Rana & Helal Uddin & Shapan Chandra Majumder & Saju Shaha, 2025. "Impact of blue economy factors on the sustainable economic growth of China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(6), pages 12625-12652, June.
    9. Bibhuti Sarker, 2024. "FDI-growth and trade-growth relationships during crises: evidence from Bangladesh," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-29, December.

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