, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

response to Chinese expansionary monetary policy shocks, exports from East Asian countries to China decrease and imports into … East Asian countries from China increase, via the expenditure switching effect. Second, final goods exports from East Asian … countries to China increase through the income absorption effect. Third, and most interestingly, intermediate goods exports from …

We study the effects of external shocks on the business cycle in China and its sectors (agriculture, industry, and … 1996--2014. We show that China - in particular its industrial sector - is susceptible to shocks, which can be related to a … consumer confidence. If interpreted from the perspective of ongoing structural change and rebalancing in China, our findings …