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Chinese Manufacturing in the Shadow of the China–US Trade War

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  • Kerry Liu

Abstract

A trade war between China and the US has been looming since March 2018, and effectively started on 6 July. A key to this dispute is the ‘Made in China 2025' plan, which aims to greatly improve the competitiveness of Chinese manufacturing industry and enable China to become the world's manufacturing powerhouse. This study examines the present state of Chinese manufacturing, including its size, structure and problems. It explains Made in China 2025, its background, and the chances of its success. It concludes that the importance of Made in China 2025 for the future of the Chinese economy means it will be very difficult for China to make substantial concessions during a trade war.

Suggested Citation

  • Kerry Liu, 2018. "Chinese Manufacturing in the Shadow of the China–US Trade War," Economic Affairs, Wiley Blackwell, vol. 38(3), pages 307-324, October.
    • Handle: RePEc:bla:ecaffa:v:38:y:2018:i:3:p:307-324
    DOI: 10.1111/ecaf.12308
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    References listed on IDEAS

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    1. Justin Yifu Lin, 2013. "Demystifying the Chinese Economy," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(3), pages 259-268, September.
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    3. Ettore Dorrucci & Gabor Pula & Daniel Santabárbara, 2013. "China’s economic growth and rebalancing," Occasional Papers 1301, Banco de España.
    4. Dani Rodrik, 2016. "Premature deindustrialization," Journal of Economic Growth, Springer, vol. 21(1), pages 1-33, March.
    5. John WONG, 2016. "China and the Middle Income Trap," East Asian Policy (EAP), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 78-86, July.
    6. Zhou, Haiwen, 2017. "Will China Avoid the Middle-Income Trap?," MPRA Paper 82688, University Library of Munich, Germany.
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    Cited by:

    1. Arthur J. Lin & Hai-Yen Chang, 2020. "Volatility Transmission from Equity, Bulk Shipping, and Commodity Markets to Oil ETF and Energy Fund—A GARCH-MIDAS Model," Mathematics, MDPI, vol. 8(9), pages 1-21, September.
    2. Liu, Kerry, 2019. "The determinants of China's lending rates and interest rates pass-through: A cointegration analysis," Research in Economics, Elsevier, vol. 73(1), pages 66-71.
    3. Hongzhang Xu & Jamie Pittock & Katherine A. Daniell, 2021. "China: A New Trajectory Prioritizing Rural Rather Than Urban Development?," Land, MDPI, vol. 10(5), pages 1-29, May.
    4. Kerry Liu, 2020. "Chinese consumer finance: a primer," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-22, December.
    5. Liu, Li-Jing & Creutzig, Felix & Yao, Yun-Fei & Wei, Yi-Ming & Liang, Qiao-Mei, 2020. "Environmental and economic impacts of trade barriers: The example of China–US trade friction," Resource and Energy Economics, Elsevier, vol. 59(C).

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