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This paper uses newly available data on Chinese trade flows to establish novel and confirm existing stylized facts about firm heterogeneity in trade. First, the bulk of exports and imports are captured by a few multi-product firms that transact with a large number of countries. Second, the...
Persistent link: https://www.econbiz.de/10012463400
Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a substantial importer of raw materials, intermediate...
Persistent link: https://www.econbiz.de/10012463931
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012464017
The rise of China in world trade has brought both benefits and anxiety to other economies. For many policy questions …. By our estimation, the share of domestic content in exports by the PRC was about 50% before China's WTO membership, and …
Persistent link: https://www.econbiz.de/10012464536
Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … million in 1990 to $2.6 billion in 2006. On the basis of these data, one frequently hears the claim that China is now a …
Persistent link: https://www.econbiz.de/10012464623
China's trade pattern is influenced not just by its overall comparative advantage in labor intensive goods but also by … geography. We use two variants of the Eaton-Kortum (2002) model to study China's local comparative advantage. The theory … predicts that China's share of export markets should grow most rapidly where China's share is initially large. A corollary is …
Persistent link: https://www.econbiz.de/10012464686
attributable to growth in the quality of Chinese exports and the increase in new products being exported by China …
Persistent link: https://www.econbiz.de/10012464707
Given the rapidly growing reserves in Asia (China, Japan, Korea, Taiwan) and the pressures from trading partners to …, and that changes in trade flows can be substantial. Different treatments of China's processing trade have small impact on … changes in China's trade flow under RMB appreciation, but significant impacts on the change in the surplus. Results are …
Persistent link: https://www.econbiz.de/10012465061
Dooley et al (2003, 2004a,b,c) argue that China seeks to raise urban employment by 10-12 million persons per year, with … conclude that exports have become increasingly important in stimulating employment in China, but that the same gains could be …
Persistent link: https://www.econbiz.de/10012465094
. While the substantial presence of FIEs has contributed greatly to the recent export-led growth of China, an important …
Persistent link: https://www.econbiz.de/10012465274