People’s Republic of China’s Export Threat to ASEAN: Competition in the US and Japanese Markets
Weiss, John; Shanwen, Gao | January 2003
Abstract
The issue of People’s Republic of China’s (henceforth PRC) competitive threat to ASEAN and other regional exporters has received considerable attention in the aftermath of PRC’s WTO accession. Most modeling exercises available at present tend to suggest that welfare losses in the region will be relatively slight since all exporters will gain from the expansion of world trade and the rise in imports into the Chinese market (Ianchovina and Martin, 2001). However this does not mean that there will be no market disruption in the short-term to exporters in some sectors and some countries as a result of increased Chinese competition. This paper considers the issue of competition by looking at trends in imports into the two of the main markets of the world economy – United State and Japan. It addresses the question - in what sectors was ASEAN losing competitiveness to PRC prior to the WTO accession and explores the economic characteristics of these sectors. The period of study is the second half of the 1990’s when competition from PRC intensified in a range of products. The analysis is conducted both for the main ASEAN exporters as a group and then moves to consider individual economies. We focus on the larger ASEAN economies – Singapore, Malaysia, Thailand, Indonesia and the Philippines and exclude the smaller exporters such as Viet nam and Cambodia. The importance of the US and Japanese markets for these economies and PRC can be seen in table 1. The paper is in four main sections. Section 1 sets out a methodology for assessing the competitiveness effect for ASEAN from PRC based on changing relative market shares. It also gives the descriptive results from the application of this approach. Section 2 sets out a regression model, which attempts to explain this competitiveness effect by characteristics of different export categories. Section 3 gives the results of this regression analysis. We conclude with some final observations.
Citation
Weiss, John; Shanwen, Gao. 2003. People’s Republic of China’s Export Threat to ASEAN: Competition in the US and Japanese Markets. © Asian Development Bank. http://hdl.handle.net/11540/3590. License: CC BY 3.0 IGO.Keywords
Project Evaluation & Review Technique
Operations Evaluation
Evaluation
World Trade
Trade Volume
Trade Promotion
Trade Flows
Trade Development
Patterns Of Trade
Resources evaluation
Input output analysis
Import volume
Export volume
Export Development
Economic agreements
International market
Import policy
Export policy
Participatory monitoring and evaluation
Participative management
Foreign trade routes
Trade routes
Foreign trade and employment
Show allCollapse
Citable URI
http://hdl.handle.net/11540/3590Metadata
Show full item recordUsers also downloaded
-
Annual Report 2014: Organizational Information
Asian Development Bank (Asian Development Bank, 2015-01-01)The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, and a record $9.24 billion by cofinancing partners. Disbursements totaled $10.01 billion, an increase of $1.47 billion (17%) from 2013, and the ...The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special ... -
Annual Report 2014: Operational Data
Asian Development Bank (Asian Development Bank, 2015-01-01)The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, and a record $9.24 billion by cofinancing partners. Disbursements totaled $10.01 billion, an increase of $1.47 billion (17%) from 2013, and the first ...The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, ... -
Rice Contract Farming in Cambodia: Empowering Farmers to Move Beyond the Contract Toward Independence
Cai, Junning; Ung, Luyna; Setboonsarng, Sununtar; Leung, PingSun (Asian Development Bank, 2008-06-15)From the farmer’s perspective, contract farming provides stable market access, credits, extension services, infrastructure and other benefits, but has drawbacks such as limiting the flexibility of farming and marketing. Based on a survey of rice contract farming for export in Cambodia, this paper uses simple mean comparison, propensity score matching comparison, and switching regression comparison ...From the farmer’s perspective, contract farming provides stable market access, credits, extension services, infrastructure and other benefits, but has drawbacks such as limiting the flexibility of farming and marketing. Based on a survey of rice contract ...
Related items
-
The Rise of the “Redback” and the People’s Republic of China’s Capital Account Liberalization: An Empirical Analysis of the Determinants of Invoicing Currencies
Ito, Hiro; Chinn, Menzie (Asian Development Bank Institute, 2014-04-07)We investigate the determinants of currency choice for trade invoicing in a cross-country context while focusing on the link between capital account liberalization and its impact on the use of the renminbi (RMB). We find that while countries with more developed financial markets tend to invoice less in the US dollar, countries with more open capital accounts tend to invoice in either the euro or ...We investigate the determinants of currency choice for trade invoicing in a cross-country context while focusing on the link between capital account liberalization and its impact on the use of the renminbi (RMB). We find that while countries with more ... -
The People’s Republic of China’s High-Tech Exports: Myth and Reality
Xing, Yuqing (Asian Development Bank Institute, 2012-04-25)Trade statistics portray the People's Republic of China (PRC) as the largest exporter of high-tech products. In this paper I will argue that the PRC’s leading position in high-tech exports is a myth created by outdated trade statistics which are inconsistent with trade based on global supply chains. Current trade statistics mistakenly credit entire values of assembled high-tech products to the PRC, ...Trade statistics portray the People's Republic of China (PRC) as the largest exporter of high-tech products. In this paper I will argue that the PRC’s leading position in high-tech exports is a myth created by outdated trade statistics which are ... -
Growth Pattern, Employment, and Income Inequality: What the Experience to Republic of Korea and Taipei,ChinaT Reveals to the People’s Republic of China. Asian Development Review, Vol. 25(1-2), pp. 100-118
Li, Shi; Luo, Chuliang (Asian Development Bank, 2008-08-23)The People’s Republic of China (PRC) achieved rapid economic growth during the last 30 years, but its income distribution has worsened. In contrast, Republic of Korea and Taipei,China experienced high growth for several decades after the 1950s, while managing to keep income inequality low. This paper looks at development experiences of Republic of Korea and Taipei,China in the 1950s–1990s, and ...The People’s Republic of China (PRC) achieved rapid economic growth during the last 30 years, but its income distribution has worsened. In contrast, Republic of Korea and Taipei,China experienced high growth for several decades after the 1950s, while ...