By Chunlai Chen
This finished assortment offers a impressive wealth of data and a well timed evaluate of China's monetary improvement and integration with the worldwide economic climate after WTO accession. Chunlai Chen brings jointly a unusual staff of students who hire monetary theories, econometric modelling suggestions and the newest information to investigate many vital matters. those hotly debated subject matters contain China's monetary progress, overseas alternate, nearby alternate preparations, international direct funding, banking region liberalization, alternate price reform, agricultural exchange and effort call for. aimed toward a global viewers, this hugely centred publication might be of serious gain to lecturers and postgraduate scholars interested by chinese language economic climate and enterprise reports, in addition to researchers in foreign exchange and overseas funding.
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Additional resources for China's Integration With the Global Economy: WTO Accession, Foreign Direct Investment and International Trade (Advances in Chinese Economic Studies)
9 Also, the Asian NIEs have gradually taken Japan’s position as a major supplier of capital goods to China. In terms of consumer goods, China has already become the dominant supplier to the Asian NIEs, while Japan has been losing its position (Lee and Kim, 2004; Masuyama, 2004). China has become an important player in the international production chain through its increasing share of trade in parts and components with its main trading partners. China has now been incorporated into the regional production network consisting of Korea, Japan, Hong Kong, Taiwan and the six ASEAN countries and is engaged in trading relationships with North American and European economies.
Following the trend in the late 1990s, China’s export after accession to the WTO has been increasingly shifting towards capitalintensive and technology-intensive products. 1 shows, during 24 China’s integration with the global economy 45 40 2000 35 2005 (%) 30 25 20 15 10 5 0 Resource based Source: Low technology Medium technology High technology Calculated from China Customs Statistics. 1 Structural change of China’s manufactured exports the period 2000–05, China’s export structure shifted significantly towards high-technology products.
3. 4. 5. 6. 7. 8. 9. Calculated from China Customs Statistics. Asian NIEs include Hong Kong, Singapore, South Korea and Taiwan. ASEAN-4 are Malaysia, Philippines, Thailand and Indonesia. The classification is based on Lall and Albaladejo (2004); Lall, Albaladejo and Zhang (2004). Calculated from China Customs Statistics. Calculated from China Customs Statistics. Calculated from China Customs Statistics. Calculated from China Customs Statistics. Calculated from COMTRADE. REFERENCES Asian Development Bank (2007), Asian Development Outlook 2007, Asian Development Bank.