The People’s Republic of China and its Neighbors: Evolving Patterns of Trade and Investment
Weiss, John | September 2005
Abstract
The strong growth of PRC’s economy is now well established with official statistics giving an average annual growth of around 8% over the last 15 years. In addition the Chinese economy has become considerably more open to foreign trade since the beginning of trade policy reform in the mid-1990’s culminating in WTO accession in 2001.2 This has meant a strong growth in regional exports to PRC and a growing trade deficit between PRC and its neighbors as its imports from them rise more than its exports to them. Rising exports to PRC have provided a major boost to demand in its neighbors and internationally there is a close empirical relationship between growth of exports and growth of national income.
Citation
Weiss, John. 2005. The People’s Republic of China and its Neighbors: Evolving Patterns of Trade and Investment. © Asian Development Bank. http://hdl.handle.net/11540/3621. License: CC BY 3.0 IGO.Keywords
Asian Development Bank
Development
Trade
Development Goals
Skills Development
Sustainable Development
Trade Flows
Trade And Development
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