China's trade surplus in the first three quarters shrank 2.6 percent,or US＄4.92 billion,to US＄180.9 billion from a year earlier,despite a jump in September. The September surplus rose 22.59 percent year-on-year ...China's trade surplus in the first three quarters shrank 2.6 percent,or US＄4.92 billion,to US＄180.9 billion from a year earlier,despite a jump in September. The September surplus rose 22.59 percent year-on-year to US＄29.3 billion,the third month of continuous gains.In August,the surplus was US＄28.69 billion.In July,it was US＄25.28 billion.展开更多
Almost everyone was surprised when the China Customs released the latest export and import statistics on April, 10th:6.87 billion US dollars,China’s favorable balance of trade in March.But only one month earlier,the ...Almost everyone was surprised when the China Customs released the latest export and import statistics on April, 10th:6.87 billion US dollars,China’s favorable balance of trade in March.But only one month earlier,the trade展开更多
China’s trade surplus probablyfell for a fourth straight month,increasing the likelihood of moregovernment measures to sustainthe economy’s expansion ratherthan stamp out inflation.
Measuring global trade in line with the principle of 'the country of origin' fails to reflect the complexities of global commerce where the design, manufacturing and assembly of products involve several countr...Measuring global trade in line with the principle of 'the country of origin' fails to reflect the complexities of global commerce where the design, manufacturing and assembly of products involve several countries,展开更多
The past four years have seen China’s trade surplus soar. It accounted for 7 percent of the country’s gross domestic product (GDP) in 2006.Indications are that this will exceed 10 percent in 2007.Given the swelling ...The past four years have seen China’s trade surplus soar. It accounted for 7 percent of the country’s gross domestic product (GDP) in 2006.Indications are that this will exceed 10 percent in 2007.Given the swelling trade surplus and its rising proportion to the GDP,many people conclude that China’s economy is seriously imbalanced.Li Yang,Director of the Institute of Finance and Banking,the Chinese Academy of Social Sciences,recently shared his views on the issue in an article in Wen Hui Bao,a Shanghai-based newspaper.展开更多
Since adopting` the reform and opening-up policy in the late 1970s, China has constantly expanded its foreign trade by giving full play to its comparative advantage in production cost. However, nowadays, problems prev...Since adopting` the reform and opening-up policy in the late 1970s, China has constantly expanded its foreign trade by giving full play to its comparative advantage in production cost. However, nowadays, problems previously camouflaged by high GDP growth have begun to emerge from the woodwork. Externally, China is faced with pressure on the yuan's appreciation resulting from the trade surplus, as well as trade frictions with the United States and the EU. Internally, the problem is excess liquidity due to over $1 trillion in foreign exchange reserves, coupled with a sizzling stock market and sharply rising housing prices. In a recent interview with 21st Century Business Herald, Professor Justin Yi-fu Lin from China Center for Economic Research, Peking University, who was the first person to introduce the concept of "comparative advantage" to China, responds to the many doubts people have about the theory. Excerpts:展开更多
China’s trade surplus fell to 99.03 billion U.S. dollars in the first half of this year, down 11.8 percent from the same period last year, the General Administration of Customs said on July 10th.
As of October 2018,almost half of US imports of goods from China are subject to new US tariffs at various rates,mostly at 10%until the year-end of 2018,when the rates were scheduled to be raised to 25%.These tariff ra...As of October 2018,almost half of US imports of goods from China are subject to new US tariffs at various rates,mostly at 10%until the year-end of 2018,when the rates were scheduled to be raised to 25%.These tariff rates will prove to be prohibitive for most if not all of the US imports from China.Assuming that US imports from China will be reduced by half,the initial direct real impact on the Chinese economy may be estimated at a loss of 0.43%of GDP.If indirect effects are included,the full real impact may be estimated at a maximum loss of 1.12%of Chinese GDP.These estimated impacts are relatively small and quite manageable.There is a possibility that the scope of the US tariffs may be expanded to cover all US imports from China,in which case the full negative economic impact will be doubled,but still leaving an expected rate of economic growth in excess of 4%.The Renminbi is not likely to be significantly devalued as a result of the trade war.However,there are also longer-term underlying forces at work behind the China–US trade war–the competition for economic and technological dominance and the rise of populism,isolationism,nationalism and protectionism.It is important for China–US relations,and China’s relations with the rest of the world,in particular with the European Union,Association of Southeast Asian Nations(ASEAN),Japan and Russia,to be carefully managed going forward.展开更多
文摘China's trade surplus in the first three quarters shrank 2.6 percent,or US＄4.92 billion,to US＄180.9 billion from a year earlier,despite a jump in September. The September surplus rose 22.59 percent year-on-year to US＄29.3 billion,the third month of continuous gains.In August,the surplus was US＄28.69 billion.In July,it was US＄25.28 billion.
文摘Almost everyone was surprised when the China Customs released the latest export and import statistics on April, 10th:6.87 billion US dollars,China’s favorable balance of trade in March.But only one month earlier,the trade
文摘China’s trade surplus probablyfell for a fourth straight month,increasing the likelihood of moregovernment measures to sustainthe economy’s expansion ratherthan stamp out inflation.
文摘Measuring global trade in line with the principle of 'the country of origin' fails to reflect the complexities of global commerce where the design, manufacturing and assembly of products involve several countries,
文摘The past four years have seen China’s trade surplus soar. It accounted for 7 percent of the country’s gross domestic product (GDP) in 2006.Indications are that this will exceed 10 percent in 2007.Given the swelling trade surplus and its rising proportion to the GDP,many people conclude that China’s economy is seriously imbalanced.Li Yang,Director of the Institute of Finance and Banking,the Chinese Academy of Social Sciences,recently shared his views on the issue in an article in Wen Hui Bao,a Shanghai-based newspaper.
文摘Since adopting` the reform and opening-up policy in the late 1970s, China has constantly expanded its foreign trade by giving full play to its comparative advantage in production cost. However, nowadays, problems previously camouflaged by high GDP growth have begun to emerge from the woodwork. Externally, China is faced with pressure on the yuan's appreciation resulting from the trade surplus, as well as trade frictions with the United States and the EU. Internally, the problem is excess liquidity due to over $1 trillion in foreign exchange reserves, coupled with a sizzling stock market and sharply rising housing prices. In a recent interview with 21st Century Business Herald, Professor Justin Yi-fu Lin from China Center for Economic Research, Peking University, who was the first person to introduce the concept of "comparative advantage" to China, responds to the many doubts people have about the theory. Excerpts:
文摘China’s trade surplus fell to 99.03 billion U.S. dollars in the first half of this year, down 11.8 percent from the same period last year, the General Administration of Customs said on July 10th.
文摘As of October 2018,almost half of US imports of goods from China are subject to new US tariffs at various rates,mostly at 10%until the year-end of 2018,when the rates were scheduled to be raised to 25%.These tariff rates will prove to be prohibitive for most if not all of the US imports from China.Assuming that US imports from China will be reduced by half,the initial direct real impact on the Chinese economy may be estimated at a loss of 0.43%of GDP.If indirect effects are included,the full real impact may be estimated at a maximum loss of 1.12%of Chinese GDP.These estimated impacts are relatively small and quite manageable.There is a possibility that the scope of the US tariffs may be expanded to cover all US imports from China,in which case the full negative economic impact will be doubled,but still leaving an expected rate of economic growth in excess of 4%.The Renminbi is not likely to be significantly devalued as a result of the trade war.However,there are also longer-term underlying forces at work behind the China–US trade war–the competition for economic and technological dominance and the rise of populism,isolationism,nationalism and protectionism.It is important for China–US relations,and China’s relations with the rest of the world,in particular with the European Union,Association of Southeast Asian Nations(ASEAN),Japan and Russia,to be carefully managed going forward.
