China and Asia in Global Trade Slowdown

47 Pages Posted: 9 Dec 2016

See all articles by Gee Hee Hong

Gee Hee Hong

International Monetary Fund (IMF)

Jaewoo Lee

International Monetary Fund (IMF) - Research Department

Wei Liao

International Monetary Fund

Dulani Seneviratne

International Monetary Fund (IMF)

Date Written: May 2016

Abstract

Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China's import growth slowed starkly, driven by both external and domestic factors, including a rebalancing of demand. Econometric results point to weak investment and rebalancing as the main causes of the import slowdown. Spillover effects from China's rebalancing are estimated for some 60 countries using value-added trade data, and are found to be more negative on Asia and commodity exporters than others.

Keywords: International trade, China, Asia, Imports, Goods, Demand, Consumption, External shocks, Spillovers, Trade integration, trade linkages, trade elasticities, spillovers Author’;s E-Mail Address: ghong@imf.org, jlee3@imf.org, wliao@imf.org, dseneviratne@imf.org

JEL Classification: F14, F41, F42, F47

Suggested Citation

Hong, Gee Hee and Lee, Jaewoo and Liao, Wei and Seneviratne, Dulani, China and Asia in Global Trade Slowdown (May 2016). IMF Working Paper No. 16/105. Available at SSRN: https://ssrn.com/abstract=2882518

Gee Hee Hong (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Jaewoo Lee

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-7331 (Phone)
202-623-6334 (Fax)

Wei Liao

International Monetary Fund ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Dulani Seneviratne

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
43
Abstract Views
232
PlumX Metrics