| Description |
1 online resource (21 pages) : color illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/09/172 |
|
IMF working paper ; WP/09/172.
|
| Contents |
I. Introduction; II. China's Recent Growth Pattern; III. What Can We Learn from Other Economies' Experience?; IV. Can China Maintain Its Export-Oriented Growth Going Forward?; A. An Illustrative Medium-Term Path for Exports; B. Prospects for Key Exports Industries and Implications for Prices; C. Sensitivity Analysis; V. Maintain Growth Without Hitting the Global Absorption Constraint; Tables; 1. Illustrative Conditions to Sustain China's Growth Strategy; 2. Illustrative Conditions to Sustain China's Growth Strategy; 3. Higher Consumption; References; References |
| Summary |
This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant gains in market share through lower prices in a range of industries. This, in turn, could be achieved through a combination of increases in productivity, lower profits, and higher implicit or explicit subsidies to industry. However, the evidence suggest that it will prove difficult to accommodate such price reductions within existing profit margins or through productivity gains. Moving up the value-added chain, shifting the composition of exports, diversifying the export base, and increasing domestic value added of exports could give room to further export expansion. However, experiences from Asian economies that had similar export-oriented growth suggest there are limits to the global market share a country can occupy. Rebalancing growth toward private consumption would provide a large impetus to output growth and reduce the need for gaining further market share |
| Notes |
Title from PDF title page (IMF, viewed October 6, 2009) |
|
At head of title: Asia and Pacific Department |
| Bibliography |
Includes bibliographical references (pages 20-21) |
| Notes |
"August 2009." |
|
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
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digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Exports -- China
|
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Economic development -- China
|
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Economic development
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Exports
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China
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| Form |
Electronic book
|
| Author |
N'Diaye, Papa M'B. P. (Papa M'Bagnick Paté), author.
|
|
International Monetary Fund. Asia and Pacific Department.
|
| ISBN |
1283513501 |
|
9781283513500 |
|
1451992289 |
|
9781451992281 |
|
9781451873191 |
|
1451873190 |
|
1462397131 |
|
9781462397136 |
|
1452700621 |
|
9781452700625 |
|
9786613825957 |
|
6613825956 |
|
