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 in agriculture and apparel. Second, despite the shif...

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Bibliographic Details
Main Author: Amiti, Mary
Other Authors: Freund, Caroline
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2008
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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653 |a Externalities 
653 |a International Economics & Trade 
653 |a Free Trade 
653 |a Natural resources 
653 |a Trade Policy 
653 |a Emerging Markets 
653 |a Living standards 
653 |a Public Sector Development 
653 |a Debt Markets 
653 |a Exports 
653 |a Private Sector Development 
653 |a Value added 
653 |a Finance and Financial Sector Development 
653 |a Comparative advantage 
653 |a Profit margins 
653 |a Economic Theory & Research 
653 |a Gini coefficient 
653 |a Agriculture 
653 |a Export growth 
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700 1 |a Amiti, Mary 
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520 |a 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