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China'S Service Trade

Author

Listed:
  • Iris Claus
  • Les Oxley
  • Hejing Chen
  • John Whalley

Abstract

This paper assesses the performance of China's service trade over recent decades by summarizing and presenting data on its size, growth rate, sectoral composition, comparative advantage, and degree of openness. The evidence based on comparative analysis suggests that despite China's high growth rate, the development of China's service trade lags behind its merchandise trade. With a policy environment adjusted in China's 12th 5-Year Plan, a growing significance of China's service trade to both China and the global economy is likely under the prospective development strategy. China's service trade has already had large impacts on China's economic growth, employment, and technology diffusion. We suggest that even more major impacts will follow in the years to come and that there are implications for global trade, FDI, and labor migration.

Suggested Citation

  • Iris Claus & Les Oxley & Hejing Chen & John Whalley, 2014. "China'S Service Trade," Journal of Economic Surveys, Wiley Blackwell, vol. 28(4), pages 746-774, September.
    • Handle: RePEc:bla:jecsur:v:28:y:2014:i:4:p:746-774
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    File URL: http://hdl.handle.net/10.1111/joes.12081
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    References listed on IDEAS

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    Cited by:

    1. Hayakawa, Kazunobu & Mukunoki, Hiroshi & Yang, Chih-hai, 2020. "Liberalization for services FDI and export quality: Evidence from China," Journal of the Japanese and International Economies, Elsevier, vol. 55(C).
    2. Iris Claus & Les Oxley & Iris Claus & Les Oxley, 2014. "The Chinese Economy, Past, Present And Future," Journal of Economic Surveys, Wiley Blackwell, vol. 28(4), pages 595-599, September.
    3. Michael Knoblach & Fabian Stöckl, 2020. "What Determines The Elasticity Of Substitution Between Capital And Labor? A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 847-875, September.
    4. Michael D. Clemes & Baiding Hu & Xuedong Li, 2016. "Services and economic growth in China: an empirical analysis," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(4), pages 612-627, October.
    5. Vusal Murselzade & Behiye Cavusoglu, 2021. "Relationship between the Service Sector and Economic Growth: Evidence from China," Asian Journal of Social Sciences and Management Studies, Asian Online Journal Publishing Group, vol. 8(1), pages 15-22.

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