Vertical Specialization and Trade Surplus in China

Vertical Specialization and Trade Surplus in China

1st Edition - May 9, 2013

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  • Author: Wang Wei
  • eBook ISBN: 9780857094476

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Description

The traditional flow of goods from primary production through to manufacturing and consumption has expanded across international borders conterminously with globalization. Vertical specialization (VS) in processing and manufacturing in China has driven export growth. In particular, intra-industry and intra-product trade between China, the US and East Asia has increased China’s trade surplus over the long term. Vertical Specialization and Trade Surplus in China aims to measure the level of VS in the Chinese manufacturing industry to provide a more accurate representation of China’s trade surplus, and gives empirical analysis on provinces and products with important VS activities in order to assess China’s trade value-added. Exploring the vertical division of labour, and foreign direct investment (FDI) driving China’s import and export imbalance, the book is divided into eight chapters, each covering an aspect of VS in China. The first chapter outlines the aims and method of the study. Chapter two covers VS trade pattern and trade surplus. Chapter three looks at FDI and the import and export imbalance, and chapter four covers the relationship between VS and import and export of foreign invested enterprises. The fifth chapter considers the causes and prospects for growth in China-US and China-Japan trade. Chapters six and seven give an empirical analysis of VS and trade surplus, and a breakdown of VS per industry in China’s provinces. Finally, chapter eight considers rebalancing imports and exports in China.

Key Features

  • Measures VS across China including the developed provinces based on the newest input-output table
  • Presents the main provinces and products closely related to VS
  • Gives evidence on global VS trade patterns from China’s national data

Readership

Academics in social science and economics; Those interested in the dynamics of China's economy

Table of Contents

  • List of figures and tables

    List of abbreviations

    Acknowledgements

    About the author

    Chapter 1: Introduction: Trade surplus in China – vertical specialization and related issues

    Abstract:

    The starting point: China’s vertical specialization trade

    Trade surpluses are as much a source of conflict as strength

    Analyzing the impact of vertical specialization on China’s trade surplus

    Chapter 2: Vertical specialization trade patterns and China’s trade surplus

    Abstract:

    China’s trade: more and more centered on trade surplus

    Vertical divisions of labor driving China trade

    China’s trade is still dependent on western markets for final goods exports

    Three optimized trade development zones: regional foreign trade disparity in China

    Chapter 3: An analysis of the role of vertical specialization in the development of China’s trade surplus: evidence from 2000–2007

    Abstract:

    Introduction

    Import and export of commodities: structure and trade pattern transition in China

    What role for vertical specialization trade in China’s trade surplus?

    Conclusion

    Chapter 4: Vertical specialization, FDI and China’s import–export imbalance

    Abstract:

    Introduction

    China’s acceleration into vertical specialization due to FDI

    Empirical evidence of the relationship between FDI and international trade in China based on VS

    Conclusion

    Chapter 5: FDI and the processing trade in China: based on vertical specialization

    Abstract:

    Introduction

    Processing trade: the form of China’s strong involvement in vertical specialization

    Empirical evidence: the relationship between FDI and the processing trade

    Conclusion

    Notes

    Chapter 6: An empirical analysis of the relation between imports and exports of China’s foreign-invested enterprises based on vertical specialization

    Abstract:

    Introduction

    Empirical evidence: the relationship between imports and exports of foreign invested enterprises (FIEs) in China

    Conclusion

    Chapter 7: An empirical study of the relationship between the US FDI inflows and China–US bilateral trade imbalances: based on vertical specialization

    Abstract:

    Introduction

    Unique features of China-US trade due to vertical specialization considerations

    Empirical test

    Conclusion

    Chapter 8: A cointegration analysis of the linkage between US exports to China and US imports from China based on vertical specialization

    Abstract:

    Introduction

    Empirical evidence: the relationship between US Exports to China and US Imports from China

    The Error-Correction model for the long-run relationship between {LNEX_SA} and {LNIM_SA}

    Conclusion

    Chapter 9: FDI, processing trade and China–Japan bilateral trade imbalance

    Abstract:

    Introduction

    Evolution of the China–Japan trade pattern

    Japanese direct investments in China, Chinese processing trade and China–Japan bilateral trade: empirical evidence

    Conclusion

    Chapter 10: An empirical analysis on transformation of China’s foreign trade development mode: based on vertical specialization

    Abstract:

    Introduction

    Conceptual framework of vertical specialization and mode transformation of foreign trade development in China

    The impact of vertical specialization on mode transformation of foreign Trade development in China: empirical evidence

    Conclusion

    Chapter 11: Closing remarks: rebalancing the Chinese trade

    Abstract:

    Appendix

    References

    Index

Product details

  • No. of pages: 204
  • Language: English
  • Copyright: © Chandos Publishing 2013
  • Published: May 9, 2013
  • Imprint: Chandos Publishing
  • eBook ISBN: 9780857094476

About the Author

Wang Wei

Wang Wei is the Professor of Economics at the Tianjin University of Commerce in the People’s Republic of China. Having written two books and over 20 academic articles and chapters, he remains interested in China’s foreign trade theory and policy.

Affiliations and Expertise

Tianjin University of Commerce, China

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