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.

China and the World Trading System
China and the World Trading System

Author: Deborah Z. Cass

Publisher: Cambridge University Press

Published: 2003-03-06

Total Pages: 469

ISBN-13: 113943649X

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China, the world's sixth largest economy, has recently joined the rules-based international trading system. What are the implications of this accession? Leading scholars and practitioners from the US, Europe, China, Australia and Japan argue that China's membership will affect the WTO's decision-making, dispute resolution and rule-based structures. It will also spur legal and economic reform, have far-reaching social, political and distributional consequences in China, facilitate a new role for China in international geo-political affairs, and alter the shape, structure and content of the international trading system as a whole. Of interest to scholars of China, as well as trade lawyers and economists.

Beyond MFN
Beyond MFN

Author: James R. Lilley

Publisher: American Enterprise Institute

Published: 1994

Total Pages: 196

ISBN-13: 9780844738574

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A comprehensive examination of America's relationship with China. Both addressing and looking beyond the annual debate on most-favored-nation trading status (MFN), the authors examine the complex economic, strategic, and philosophical issues confronting US policymakers in this critical relationship. The volume also explores the views of the Chinese people themselves, the changing human rights policies of the Chinese government, the political implications of the Jackson-Vanik amendment, and the internal deliberations within the Clinton administration on China policy. Paper edition (unseen), $12.95. Annotation copyright by Book News, Inc., Portland, OR

China's Changing Trade Elasticities
China's Changing Trade Elasticities

Author: Jahangir Aziz

Publisher: International Monetary Fund

Published: 2007-11

Total Pages: 34

ISBN-13:

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China's sectoral trade composition, product quality mix, and import content of processing exports have all changed substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more recent data pointing to significantly higher demand and price elasticities. Sectoral differences in these parameters are also very wide. All this suggests greater caution in using historical data to simulate the response of the China's economy to external shocks and exchange rate changes. Analyses based on models whose estimated coefficients largely reflect the China of the 1980s and 1990s are likely to turn out to be wrong, perhaps even dramatically.

China's Economic Footprint In South And Southeast Asia: A Futuristic Perspective - Case Studies Of Pakistan, Sri Lanka, Myanmar And Thailand
China's Economic Footprint In South And Southeast Asia: A Futuristic Perspective - Case Studies Of Pakistan, Sri Lanka, Myanmar And Thailand

Author: Reena Marwah

Publisher: World Scientific

Published: 2021-09-17

Total Pages: 357

ISBN-13: 9811236399

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The labyrinthine BRI projects, aimed at realizing win-win benefits, have created new challenges for the host countries. Economic aspirations must be shielded and protected by security umbrellas, thus making these countries partners of the China-dominated security architecture. Nowhere is this more evident than in the countries of Sri Lanka and Pakistan. Despite Southeast Asian nations being viewed as within the ambit of China's historical sphere of influence, Myanmar and Thailand provide experiences different from their neighbours. This book analyzes China as an economic juggernaut, undergirded by global ambitions, expanding its economic footprint across South and Southeast Asia through trade, technological supremacy and territorial acquisitions. The authors also navigate China's policies at home and abroad, providing a futuristic perspective on China's path to victory. The book provides answers to compelling questions as:

China’s Uneven and Combined Development
China’s Uneven and Combined Development

Author: Steven Rolf

Publisher: Springer Nature

Published: 2020-10-15

Total Pages: 264

ISBN-13: 3030555593

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This book mobilises the theory of uneven and combined development to uncover the geopolitical economic drivers of China’s rise. The purpose is to explain the formation and trajectory of its economic ‘accumulation system’ — which remains a confounding hybrid of statist and neoliberal forms of capitalism — as the outcome of China’s geopolitical engagement of the USA during the late stages of the Cold War, and its participation in manufacturing global production networks (GPNs). Fear of geopolitical catastrophe drove China to open its economy, while GPNs enabled China to generate substantial export surpluses which could be recycled through state-owned banks as cheap credit and subsidies to large, vertically integrated and politically-controlled state-owned enterprises. In this way, a synergy emerged between the ‘neoliberal’ and ‘Keynesian-Fordist’ sectors of the economy, while the national-territorial state retained its form and expanded its functions. The book chronicles how this reliance on export surpluses, however, rendered China extremely vulnerable to external shocks — prompting a dramatic monetary and fiscal stimulus response to the crisis of 2008, even while sustaining the illusion of economic ‘decoupling’ from the global economy. Finally, it examines the growing role of the state in the current crisis-ridden economic model, as well as China’s current geoeconomic and geopolitical expansionism in areas such as the Belt and Road Initiative and the militarisation of the East and South China Seas.