Accounting for Chinese Trade: Some National and Regional Considerations
In: Geography and Ownership as Bases for Economic Accounting
China's trade has three features: high incidence of re-exports through Hong Kong, high degree of trade related to foreign investment, and large amount of `illegal' trade. Re-exports occur when imports to Hong Kong are consigned to a buyer in Hong Kong, who adds a markup, and exports the goods elsewhere without fundamentally changing the goods. Using U.S. data and accounting for re-exports, the U.S.-China trade balance has to be lowered by 35 percent. Foreign investments in China accounted for 45 percent of China's exports. Foreign investments include foreign direct investment (FDI) and foreign subcontracting. `Illegal' trade between China and Taiwan has been induced by Taiwan's `no direct trade' policy. Illegal trade such as smuggling and tariff evasion also affect China's trade with her other trading partners.
(This abstract was borrowed from another version of this item.)
|This chapter was published in: ||This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number
6820.||Handle:|| RePEc:nbr:nberch:6820||Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yue-Chim Richard Wong, 1995. "China'S Economic Reform: The Next Step," Contemporary Economic Policy, Western Economic Association International, vol. 13(1), pages 18-27, 01.
- Marcus Noland, 1995. "China and the International Economic System," Working Paper Series WP95-6, Peterson Institute for International Economics.
- Magnus Blomstrom & Irving B. Kravis & Robert E. Lipsey, 1988. "Multinational Firms and Manufactured Exports from Developing Countries," NBER Working Papers 2493, National Bureau of Economic Research, Inc.
- Ito, Takatoshi & Krueger, Anne O. (ed.), 1993. "Trade and Protectionism," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226386683, april.
- Takatoshi Ito & Anne O. Krueger, 1993. "Trade and Protectionism, NBER-EASE Volume 2," NBER Books, National Bureau of Economic Research, Inc, number ito_93-2.
- Anonymous & Brandão, Antônio Salazar P., 1993. "Special Issue: Trade and Development," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 8(4), June.
- Robert E. Baldwin & Douglas Nelson, 1993. "The Political Economy of U.S.-Taiwanese Trade and Other International Economic Relations," NBER Chapters, in: Trade and Protectionism, NBER-EASE Volume 2, pages 307-337 National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:6820. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.