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China and Asia in Global Trade Slowdown

Author

Listed:
  • Gee Hee Hong

    (International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA)

  • Jaewoo Lee

    (International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA)

  • Wei Liao

    (International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA)

  • Dulani Seneviratne

    (International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA)

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.

Suggested Citation

  • Gee Hee Hong & Jaewoo Lee & Wei Liao & Dulani Seneviratne, 2017. "China and Asia in Global Trade Slowdown," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-34, February.
    • Handle: RePEc:wsi:jicepx:v:08:y:2017:i:01:n:s1793993317500016
    DOI: 10.1142/S1793993317500016
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    References listed on IDEAS

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    4. Sharada Nia Davidson, 2022. "Regional Integration and Decoupling in the Asia Pacific: A Bayesian Panel VAR Approach," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 773-807, December.
    5. Strauss, Ilan & Yang, Jangho, 2021. "Slowing investment rates in developing economies: Evidence from a Bayesian hierarchical model," International Review of Financial Analysis, Elsevier, vol. 77(C).

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