The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the
WTO in 2001, China has started to impact significantly on SSA growth: one-percent increase
in China's GDP per capita leads to 0.02 percent increase on the SSA's GDP per capita; (ii)
oil and investment-goods exporters benefit more from China's growth; (iii) compared to
China's consumption, its investment growth acts as a more important channel in influencing
SSA; (iv) exports to China, highly linked to China's growth, is an important indicator for
SSA's exports. Our results call for SSA countries to be well prepared for China's rebalancing
given its growing economic influence and to proactively search a sustainable way to
continuously enhance productivity.