decades, whereas China's has been on a rising trend, yet the share of trade among Asian economies with the dollar zone …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently … making efforts to “internationalize” its currency, the yuan (RMB). Hence, if China succeeds in its internationalization …

China- and US-centric trade blocs.Institutional subscribers to the NBER working paper series, and residents of developing …

of US-China bilateral retaliation on trade flows and welfare. One is a conventional Armington trade model with five … regions, the US, China, EU, Japan and Rest of the World, and calibrated to a global 2009 micro consistent data set. The other … is a modified version of this model with monetary non neutrals and including China's trade surplus as an endogenous …

other pacific countries are included, China is notable for its exclusion from the process thus far. This paper uses … numerical simulation methods to assess the potential effects of a TPP agreement on China and the other participating countries …. Simulation results reveal that China will be hurt by TPP initiatives, but the negative effects are relatively small given the …