China's Low Export Markups Puzzle: Competition Effect and Selection Effect

Based on China's industrial enterprises-customs matched data, this paper utilizes two-tier stochastic frontier analysis method to estimate and verify the extent to which selection effect and competition effect influence exporting firms' markup. Our findings suggest that the interaction between selection effect and competition effect ultimately causes actual firm markup to be higher than the baseline markup by 7.11%. Exporting firms' actual markup is higher than the baseline markup by different degrees. In terms of the decomposition of selection effect, TFP explains for 28.05% of selection effect, and nonproductivity factors explain for the rest 71.95%. By controlling for the type of firms' export,the export-productivity paradox only exists for processing trade firms, which shows that with increasing trade facilitation, the policy incentives to encourage firms to export are major contributors to the low export markups.

Price leadership strategy or branding strategy:an empirical test of indigenous Chinese exporters

The effects of price leadership strategies and branding strategies on the export performance of indigenous Chinese exporters with a focus on developing country markets and developed country markets are examined based on the principles of strategy-environment co-alignment and marketing segmentation theory. Findings suggest that when focusing on developing country markets, the use of a branding strategy is more likely to enhance export performance. When focusing on developed country markets, neither the use of a price leadership strategy nor the use of a branding strategy enhances export performance. Finally, theoretical and managerial implications of the findings are discussed.

Problems and Characteristics of Russian Platinum Metals Exporters

The paper revealed the place and role of Russia in the global market of platinum metals, highlighted features of pricing in the export of Russian platinum group metals, the main problems of pricing in the export contracts related to the instability of markets and imperfect currency and customs legislation of the Russian Federation, proposed innovative ways to solutions to existing problems in the preparation and conclusion of export contracts.

Air pollution and the domestic value-added for Chinese exporters

This paper evaluates the causal effect of air pollution on the share of domestic value-added in exports for Chinese exporters.Precipitation is employed as an instrument for air pollution to alleviate the endogeneity.Our baseline instrument variable estimation identifies a significant and negative effect of air pollution on the share of domestic value added in exports.Specifically,each 1 mg/m^(3) increase in yearly PM_(2.5) exposure is associated with 3.1447 units decrease of the domestic value-added rate of firms’exports.This result holds when wind speed,air flow index and thermal inversions are used as alternative instruments.Further,it is shown that air pollution is detrimental to the health of employees,and also has negative effect on firms’productivity as well as firms’innovation capacity.All of these may have a negative effect on domestic production and therefore reduce the share of value added done domestically.Lastly,greater effect is found for the central region,the east of Hu Huanyong line,cities of low altitude and high pressure,and also for foreign-invested firms.This paper provides empirical evidence that air pollution may affect the organization of global production,i.e.,the share of domestic value added in Chinese exports,and it certainly contributes to more comprehensive understanding of the effect of air pollution.

Uruguay Exporters Ready to Increase Their Market Share in China—Exclusive Interview with H.E.Fernando Lugris,Uruguayan Ambassador to China

Before the opening of the third CIIE in November,H.E.Fernando Lugris,the Uruguayan ambassador to China accepted an interview with China’s Foreign Trade.During the interview,he mentioned that this is the third time that Uruguay has sent a delegation to attend the CIIE:“this year,Uruguay’s Minister of Foreign Affairs,Ambassador Francisco Bustillo will participate in the CIIE with other high-level officials,as well as business people representing our most competitive export sectors,such as agriculture and services,”he said.

The Middle East and North Africa （MENA） Oil Exporters After the Global Crisis

Our research topic is about the economic situation in the Middle East and North Africa （MENA） oil exporters after the global crisis in 2008. The authors tried to find the answers to the questions such as ＂How bad or good is the situation there？＂ and ＂what is the expectation about the future of the region？＂ Like other countries around the world, the MENA oil exporters, comprised of Algeria, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Sudan, United Arab Emirates, Yemen were adversely affected by the global crisis. The MENA oil exporters are recently recovering from their recession in 2009 when the global crisis was felt intensively there. GDP in the region has grown by 3.5 percent in 2010 after a low growth of 0.7 percent in 2009. The average real GDP growth excluding Libya is projected to reach 4.9 percent in 2011. Two developments mark the outlook： the unrest in the region and the surge in global fuel and food prices. For most oil exporters, the expected increase in oil prices and production volumes will lead to higher growth in 2011 and stronger fiscal and external balances, notwithstanding recent increases in government spending. The oil exporters＇ combined external current account surplus is estimated to increase. The effects of the political events in Tunisia and Egypt have spread in varying degrees to the MENA oil exporters in the region, and many of these countries are responding with public spending and job-creation measures to alleviate social tensions. The social unrest also highlights the need to pursue fundamental economic reforms--social policy, fiscal management, governance, business environment, labor markets, and financial sector access to facilitate more inclusive economic growth. While the MENA countries are generally divided into two sub-regions such as ＂oil exporters＂ and ＂oil importers＂ in the economic literature, the authors will deal with only the MENA oil exporters in this work. The negative effects of the global crisis in these countries on growth, inflation, current account balance, budget balance, and finally financial sector will be reviewed in this work and the expectations and the developments which occurred after the crisis in these countries will be dealt with especially in the context of the IMF reports.

CIIE-An Avenue of Opportunity For African Exporters

Now in its fourth iteration, the China International Import Expo(CIIE) has been lauded as a strong opportunity for global exporters to gain easier access to the world’s largest consumer market.

Trade Shifts in China:Opportunity for African Exporters

Global trade has shifted as traditional export leaders such as the United States,the European Union,and developed Asia have struggled to regain the momentum they had before the pandemic.While China and other emerging markets have recovered faster than the traditional export leaders,economic and trade recovery is still underway in some markets.This recovery period however presents an opportunity for African exporters.The sources of China's imports were changing both in volume and value even before the pandemic.With tensions with the United States and some pacific countries,now China is reconsidering who to prioritize its trade relations with.Where can Africa fit in this shift?

Does Green Food Certification promote agri-food export quality?Evidence from China

The construction of a food certification system plays a vital role in upgrading export quality, which previous studies have largely overlooked. We match China's industry-level data of Green Food Certification with its HS6-digit export data of agri-food products to quantify the impact of Green Food Certification on export quality. We identify the significant and positive effect of Green Food Certification on export quality. The 2SLS estimation based on instrumental variables and a range of robustness checks confirm the validity and robustness of the benchmark conclusions. Further analysis discloses that Green Food Certification improves export quality by raising agricultural production efficiency and brand premiums. Heterogeneity analysis shows that the effect of Green Food Certification varies across regions, notably improving the quality of agri-food products exported to developed regions and regions with high levels of import supervision. Furthermore, among various product types, Green Food Certification significantly improves the export quality of primary products and products vulnerable to non-tariff measures. The above findings could guide the future development of agri-food quality certification systems, potentially leading to a transformation and promotion of the agri-food trade.

Impact of BRICS Trade Facilitation on China's Exports Using Cross-Border E-Commerce

With the rapid growth of the global digital economy, cross-border e-commerce, as an emerging form of trade, has gradually become a powerful engine to promote the development of global trade. BRICS is an important force in the global economy, and the progress of the BRICS countries' trade facilitation level has an important impact on the global trade environment. This paper conducts an in-depth study of the dynamic changes in BRICS trade facilitation from 2013 to 2022, and uses an extended gravity model to analyze the specific impact of this change on China's exports using cross-border e-commerce. The results show that although the BRICS countries have made some progress in trade facilitation, the overall level still needs to be improved, and there are obvious differences among member countries. However, the improvement of trade facilitation among BRICS countries has undoubtedly brought significant positive effects to China's exports using cross-border e-commerce.

Export Competitiveness and Sustainable Development of the Ukrainian Timber Industry

This paper conducts a comprehensive analysis of the export dynamics within the Ukrainian timber industry, emphasizing its pivotal role in the national economy. The study begins by outlining the research objectives, context, and innovative methodologies, setting the stage for a deep dive into the theoretical underpinnings of sustainable and competitive trade. It explores Ukraine’s rich forest biodiversity across varied vegetation zones and its geopolitical significance. Detailed evaluations of forest resource management, policy frameworks, and institutional support form the core of the analysis. Challenges such as imbalanced export structures and legal inconsistencies are critically examined. The research employs trade gravity models and competitive indicators like the Revealed Comparative Advantage (RCA) and Market Share (MS) to assess factors influencing exports and to forecast potential growth areas. The findings inform strategic recommendations aimed at enhancing export capacity through market diversification, brand development, and legal stability. The conclusion highlights the need for strategic interventions to harness Ukraine’s timber resources sustainably, balancing economic gains with environmental stewardship.

Changes in calcium accumulation and utilization efficiency and their impact on recycling,immobilization,and export across the oil palm cycle

Effective calcium(Ca)management is crucial for optimizing oil palm cultivation and enhancing crop yield.This study aimed to gain insights into the dynamics of Ca concentration,accumulation,exportation,immobilization,and recycling in various oil palm organs relative to plant age.The experiment was conducted at the Agropalma enterprise site in the northeastern region of Para State,Brazil,evaluating seven plant age treatments:2,3,4,5,6,7,and 8 years old.Employing a completely randomized design with four replications.The results demonstrated an age-related increase in Ca concentration in petioles,rachis,arrows,male inflorescences,peduncles,and fruits.Furthermore,Ca accumulation exhibited an upward trend in all organs with progressing plant age.Notably,the study revealed an enhanced Ca use efficiency across all plant organs in correlation with the age of oil palm cultivation.These findings underscore the dynamic nutritional demands of oil palm,influencing Ca immobilization,cycling,and export throughout its developmental stages.

Building the ARIMA Model for Forecasting the Production of Vietnam’s Coffee Export

Coffee is a significant industry, accounting for 3% of Vietnam’s GDP, with annual export turnover consistently exceeding USD 3 billion. Despite global economic challenges affecting purchasing power at various times, Vietnam’s coffee exports in December 2023 continued to surge, reaching the highest level in the past 9 months at 190,000 tons, a 59.3% increase compared to November 2023, but still a slight 3.5% decrease from the same period last year. The export turnover reached USD 538 million, a 51% increase from November 2023 and a 26.4% increase from the same period last year. Therefore, forecasting the coffee export volume holds significant importance for coffee producers nationwide. This research employs the Box-Jenkins method to construct an ARIMA model for forecasting Vietnam’s coffee export volume based on annual data published by the General Statistics Office. Results indicate that among the models considered, the ARIMA(1, 1, 2) model is the most suitable. The study also provides short-term forecasts for Vietnam’s coffee export volume. However, the current model is limited to forecasting and is not yet optimized, as the assumed linearity in the model is a simplification.

Chinese Textile Exporters Win Zero Tariff from US

Recently,the U.S.Department of Commerce worked out its ultimate arbitration on Chinese textile companies which have filed a lawsuit against its anti-dumping investigation.

Garment exporters Fearing Price Drop and Order Diversion

China’s textile exports achieved a positive growth of 25.2 percent in December last year,but apparel exports indicated a reduction of 4.

Analysis of the Impact of Technical Trade Barriers on the Export of Toys-Based on Analysis of Zhejiang,China

Technical barriers to trade,as a non-tariff barrier,have an increasing impact on the international market.As a major province in toy exports,Zhejiang Province’s toy export trade is therefore greatly hindered.This article aims to explore the impact of technical trade barriers on toy exports in Zhejiang Province and analyze countermeasures.Through literature review and some empirical analysis,it is found that technical trade barriers have greatly promoted the development of Zhejiang’s toy industry;however,they have also subjected it to impacts and pressures such as cost and technology.In response to the impact of technical trade barriers on toy exports,this article proposes corresponding countermeasures to avoid such barriers:firstly,establish a quality management system that complies with export product regulations to ensure that the products produced can meet international requirements and standards;secondly,reduce dependence on overseas markets;then enhance one’s own technology,and strengthen product innovation,in order to enhance the international competitiveness of the product and oneself;in addition,we should also explore diversified markets and expand the sales channels and coverage of our products.

Mysterious Exporter for Brassinosteroid First Identified

It is impossible for plants to grow and reproduce without being regulated by phytohormones.One of the phytohormones is the brassinosteroid(BR)hormones,also named as the sixth phytohormone.

China:In the fourth quarter of 2023,exports of yarn and fabric to ASEAN ceased declining and rebounded

On January 8th,the China Chamber of Commerce for Import and Export of Textiles released data showing that in the fourth quarter,China’s textile and clothing exports gradually stabilised.The proportion of intermediate exports in textile and clothing exports continued to rise,providing a new impetus for the substantial expansion of exports to traditional markets and international supply chain cooperation.

China's rare earth import and export analysis in the 1st half of 2024

1.Export situation from January to June 20241.1 Overall export situation of rare earth products Export value of rare earth products showed a wholistic down trend affected by the continuousdecline in rare earth prices in the first half year,however,export volume increased.According to statistics from the General Administration of Customs,from January to June 2024,China's cumulative export of rare earth products was 29,095 tons,an increase of 11%year-on-year,with a cumulative export value of 256 million US dollars,a decrease of 43% year-on-year,Figure 1.

Research on the Threshold Effect of China’s Pharmaceutical Export Trade on Internal and External R&D Investment

Objective To study the threshold effect of export trade on internal and external R&D investment in China’s pharmaceutical industry,and to provide reference for some pharmaceutical enterprises to improve the investment.Methods The panel data of pharmaceutical industry in 25 provinces and cities in China from 2009 to 2019 were selected to conduct empirical analysis by establishing a threshold regression model,and a better export trade interval was obtained.Results and Conclusion There is a threshold value for the effect of new product export on both internal and external R&D expenditures,and the threshold values are 845.2788 million yuan and 318.4198 million yuan,respectively.There is a single threshold effect of export trade on both internal and external R&D investment in China’s pharmaceutical industry,and the effect of export trade on internal and external R&D investment changes from negative to positive as the export trade develops from low to high.