China's Changing Trade and the Implications for the CLMV

China's Changing Trade and the Implications for the CLMV

Author: Mr.Koshy Mathai

Publisher: International Monetary Fund

Published: 2016-09-01

Total Pages: 84

ISBN-13: 1475531710

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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.


ASEAN-China Economic Relations

ASEAN-China Economic Relations

Author: Siow Yue Chia

Publisher: Institute of Southeast Asian

Published: 1989

Total Pages: 354

ISBN-13: 9813035315

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Papers presented at the Workshop on China-ASEAN Economic Relations: Developments in China and ASEAN and Their Implications for China-ASEAN Economic Relations, 27-29 Oct. 1987, Beijing.


ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns

ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns

Author: Ajmani, Manmeet

Publisher: Intl Food Policy Res Inst

Published: 2020-03-26

Total Pages: 40

ISBN-13:

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We assess food trade among and across two Asian trading blocs, the Association of Southeast Asian Nations (ASEAN) and the South Asian Association for Regional Cooperation (SAARC), and China. Using most recent innovations in the empirical trade model, we find subpar trade for several countries but some over-trading as well, likely driven by weak economic fundamentals determining trade. Further, we find that Bangladesh, Philippines, Sri Lanka, and Viet Nam under-export to China, and to nearly all ASEAN and SAARC countries, with the magnitude varying between 40 and 100 percent below the predicted trade levels. While checking for competing explanations, we identify trading pair time variant factors such as tariffs reducing the magnitude of under-exporting of ASEAN and SAARC countries by 1 and 3 percent, respectively. We also highlight unobserved variables such as trust between countries as factors important for strong agricultural trade.


China and ASEAN: Pivoting Trade and Shock Transmission

China and ASEAN: Pivoting Trade and Shock Transmission

Author: Mala Raghavan

Publisher: Springer Nature

Published: 2021-04-12

Total Pages: 114

ISBN-13: 9811616183

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This book highlights the critical relationship between China and the Association of Southeast Asian Nations (ASEAN) associated with its trade interdependency. As the largest trade partner in the region, China has not only presented itself with opportunities for ASEAN to tap its market, but also created great challenges for the region. The fundamental question that this book addresses, therefore, is whether China’s engagement with ASEAN comes at a cost for the latter following from the systemic risks tied to the China-centric supply chains in the region. The trade interactions between China and ASEAN, though extensively explored, are less understood in the context of its influence over the region amidst the recent changing dynamics that follow from China’s global engagement and backlash from major powers. The book therefore resolutely rises against stereotypes and clichés, making readers reconsider many oversimplified assumptions of the benefits of trade engagement where economies are interconnected through complex production chains.


ASEAN-China Economic Relations in the Context of Pacific Economic Development and Co-operation

ASEAN-China Economic Relations in the Context of Pacific Economic Development and Co-operation

Author: Siow Yue Chia

Publisher: Institute of Southeast Asian

Published: 1992

Total Pages: 234

ISBN-13: 9813016396

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Volume I of the series on ASEAN-China Relations focused on trends and patterns in bilateral economic relations between ASEAN countries on the one hand, and China on the other. Volume II focused on macroeconomic and institutional developments in China and in selected sectors in ASEAN and China, and their implications for bilateral economic relations. This third volume focuses on developments in the global arena and in the Pacific and their impact on bilateral economic relations between ASEAN and China. The papers cover the following - economic developments in the Pacific region, the economic role of Japan and the United States, industrial restructuring in the Asian Newly Industrializing Economies, the special role of Hong Kong, prospects for Pacific economic cooperation, and China's membership in GATT.


China¿s Economic Conditions

China¿s Economic Conditions

Author: Wayne M. Morrison

Publisher: DIANE Publishing

Published: 2010-10

Total Pages: 36

ISBN-13: 1437927629

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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 And East Asian Economic Integration

China And East Asian Economic Integration

Author: Sarah Yueting Tong

Publisher: World Scientific

Published: 2020-02-11

Total Pages: 183

ISBN-13: 9811200335

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For more than half a century, East Asia has been the most dynamic and resilient economic region in the world. Following Japan's success in its post-World War Two reconstruction and industrialisation, a good number of East Asian economies flourished. The latest and the most extraordinary case is that of China's rapid economic development. As the largest economy in the region, China pledged to play a leading role in promoting regional economic prosperity. China's economic relations with its East Asian neighbours have been complex and have nonetheless grown in strength. This edited volume examines China's key economic relations and efforts in participating and promoting economic globalisation, as well as the overall development of East Asian economic integration.This book focuses on China's importance and efforts in East Asian economic integration by examining the changing patterns of the growing East Asian production network, reviewing the process and achievement of China's efforts in internationalising its currency and evaluating the efforts to internationalise Chinese firms. It elaborates China's economic relations with individual neighbouring East Asian economies such as Taiwan, Hong Kong, ASEAN, Korea and Japan. It discusses the political economy aspect of East Asian economic integration and describes the origins and processes of East Asian economic integration from the Flying Geese model to the numerous free trade arrangements involving the region.