Description: The Anatomy of China's Export Growth

Cover Image

QR Code

The Anatomy of China's Export Growth

Decomposing China's real export growth, of over 500 percent since 1992, reveals a number of interesting findings. First, China's export structure changed dramatically, with growing export shares in electronics and machinery and a decline...

Full description

Bibliographic Details
Main Authors:	Amiti, Mary, Freund, Caroline
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING AGRICULTURE APPAREL COMPARATIVE ADVANTAGE CONSUMERS CUSTOMS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTION OF TRADE ECONOMIC DEVELOPMENT EMERGING MARKET EQUAL SHARE EQUIPMENT EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXPENDITURE EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT PATTERNS EXPORT PRICE EXPORT PRICES EXPORT PROCESSING EXPORT PRODUCTS EXPORT SECTOR EXPORT SECTORS EXPORT SHARE EXPORT SHARES EXPORT STRUCTURE EXPORT VALUE EXPORTER EXPORTS EXTERNALITIES FEDERAL RESERVE FEDERAL RESERVE BANK FOREIGN TRADE FUTURE GROWTH GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM ANALYSIS GINI COEFFICIENT GLOBALIZATION GROWTH IN TRADE IMPORT PRICES IMPORT SHARE IMPORTS INCOME INCOME GROWTH INCOME LEVEL INEQUALITY INTERMEDIATE INPUTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL PRICES INTERNATIONAL TRADE ITC LIVING STANDARD LIVING STANDARDS MARKET ACCESS MARKET ACCESS COSTS NATURAL RESOURCES NEW PRODUCT NEW PRODUCTS PRICE CHANGE PRICE INDEX PROFIT MARGINS RAPID GROWTH SPECIALIZATION TELECOMMUNICATIONS TERMS OF TRADE TERMS OF TRADE EFFECTS TERMS-OF-TRADE EFFECT TRADE DATA TRADE EFFECT TRADE LIBERALIZATION TRADE THEORIES TYPEWRITERS VALUE ADDED VALUE OF EXPORTS VALUE OF TRADE VERTICAL SPECIALIZATION WELFARE GAINS WORLD MARKETS WORLD PRICES
Online Access:	http://documents.worldbank.org/curated/en/2008/05/9473019/anatomy-chinas-export-growth http://hdl.handle.net/10986/6689

Description
Summary:	Decomposing China's real export growth, of over 500 percent since 1992, reveals a number of interesting findings. First, China's export structure changed dramatically, with growing export shares in electronics and machinery and a decline in agriculture and apparel. Second, despite the shift into these more sophisticated products, the skill content of China's manufacturing exports remained unchanged, once processing trade is excluded. Third, export growth was accompanied by increasing specialization and was mainly accounted for by high export growth of existing products (the intensive margin) rather than in new varieties (the extensive margin). Fourth, consistent with an increased world supply of existing varieties, China's export prices to the United States fell by an average of 1.5 percent per year between 1997 and 2005, while export prices of these products from the rest of the world to the United States increased by 0.4 percent annually over the same period.