China's Trade Acceleration and the Deepening of an East Asian Regional Production Network

作     者：Sarah Y.Tong SARAH Y.TONG;ASSISTANT PROFESSOR;DEPARTMENT OF ECONOMICS;RESEARCH FELLOW;EAST ASIAN INSTITUTE;NATIONAL UNIVERSITY OF SINGAPORE;SINGAPORE.YI ZHENG;RESEARCH OFFICER;SINGAPORE.

作者机构：Assistant ProfessorDepartment of Economics Research FellowEast Asian InstituteNational University of SingaporeSingapore 

出 版 物：《China & World Economy》 (中国与世界经济（英文版）)

年 卷 期：2008年第16卷第1期

页      面：66-81页

核心收录：

学科分类：0202[经济学-应用经济学] 02[经济学] 1202[管理学-工商管理] 0201[经济学-理论经济学] 020206[经济学-国际贸易学] 0701[理学-数学] 

主　　题：trade trade relations trade imbalances 

摘      要：China＇s recent surge in trade has been associated with its deepening but contrasting trade relations with its two groups of key trading partners. On the one hand, China＇ s trade surpluses with the USA and the EU have risen rapidly, reaching US$144bn and US$91bn in 2006, respectively. On the other hand, China is importing heavily from its Asian neighbors. This diverging pattern of trade relations between China and its main trading partners reflects the continuous expansion and intensification of a complex cross-border production network in Asia, particularly for consumer electronics. In the process of deepening manufacturing sharing, China serves as an essential export platform for firms headquartered in the more advanced economies. These firms export intermediate goods from the relatively more advanced Asian economies to their affiliates in China where these inputs are assembled and then shipped to key export markets, including primarily the USA and the EU. One apparent outcome of the growing processing and assembly trade is the increased interdependency among Asian economies, which are now more dependent on each other than ever. It has also led to substantial structural changes and technological upgrading in China＇ s traded goods.