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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

    as
    1. Lemoine, Francoise & Unal-Kesenci, Deniz, 2004. "Assembly Trade and Technology Transfer: The Case of China," World Development, Elsevier, vol. 32(5), pages 829-850, May.
    2. Jean Pisani-Ferry, 2010. "China and the world economy: a European perspective," Policy Contributions 387, Bruegel.
    3. Yiping HUANG, 2010. "Dissecting the China Puzzle: Asymmetric Liberalization and Cost Distortion," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(2), pages 281-295, December.
    4. Binkai Chen & Yang Yao, 2011. "The Cursed Virtue: Government Infrastructural Investment and Household Consumption in Chinese Provinces," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73, pages 856-877, December.
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    Citations

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    Cited by:

    1. Thorbecke, Willem & Salike, Nimesh, 2011. "Understanding Foreign Direct Investment in East Asia," ADBI Working Papers 290, Asian Development Bank Institute.
    2. 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.
    3. Marie Coiffard & Laëtitia Guilhot, 2012. "Migrations internationales : la mobilité des Hommes, facteur d'intégration régionale en Asie Orientale ?," Post-Print halshs-00755102, HAL.
    4. Françoise Lemoine & Deniz Ünal, 2012. "Scanning the Ups and Downs of China’s Trade Imbalances," Working Papers 2012-14, CEPII research center.
    5. repec:wsi:ceprxx:v:01:y:2012:i:02:n:s1793969012500124 is not listed on IDEAS
    6. Willem Thorbecke & Atsuyuki Kato, 2011. "The Effect of Exchange Rate Changes on Japanese Consumption Exports," Macroeconomics Working Papers 23238, East Asian Bureau of Economic Research.
    7. Thorbecke, Willem, 2016. "Understanding Chinese consumption goods imports," Journal of Policy Modeling, Elsevier, vol. 38(1), pages 96-102.
    8. Willem Thorbecke, 2011. "Transpacific Imbalances and Macroeconomic Codependency," Macroeconomics Working Papers 23237, East Asian Bureau of Economic Research.
    9. Eric W. Bond & Kazumichi Iwasa & Kazuo Nishimura, 2012. "The dynamic Heckscher–Ohlin model: A diagrammatic analysis," International Journal of Economic Theory, The International Society for Economic Theory, pages 197-211.

    More about this item

    Keywords

    China; Growth model; FDI; Ordinary trade; Domestic market;

    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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