3. China’s Evolving Trade with Advanced Upstream Economies and Commodity Exporters
Author:
Mr. Ranil M Salgado
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Language:
English
Print Publication Date:
03 May 2016
Keywords:
REO; China; economy; commodity; income; Asia; commodity consumption growth; growth transition; income inequality; further growth slowdown; Asia-Pacific economy; Income inequality; Exports; Income distribution; Consumption; Global; Asia and Pacific; Pacific Islands; East Asia; Australia and New Zealand; trade pattern; commodity exporter; growth slowdown; commodity demand and supply; commodity import growth; Commodity prices; Trade balance

Abstract

China is in the midst of a fundamental transformation. Growth has been slowing since 2012 as the economy has been rebalancing to a more sustainable growth model. This process of rebalancing or growth transition in China involves not only lower growth but also a shift from heavy industry and construction to more advanced manufacturing and services in production, and from investment and export to consumption in final demand. This transition has profound implications for China’s trade patterns, as import intensities vary across sectors and components of final demand. At the same time, trade patterns are also changing because of China’s evolving comparative advantage, driven in part by demographics and the implied changes for the relative labor supply, as well as by increasing human capital.

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Cover Regional Economic Outlook, April 2016, Asia and Pacific
Regional Economic Outlook, April 2016, Asia and Pacific
Building on Asia's Strengths during Turbulent Times
ISBN:
9781498350921
ISSN:
2071-4149
Publication Date:
03 May 2016
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781498350921.086
Pages:
142

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