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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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The global impact of China’s growth

The global impact of China’s growth

13 The global impact of China’s growth
The Oxford Companion to the Economics of China

Peter E. Robertson

Oxford University Press

This chapter examines the impact of China’s growth on the global economy. It argues that at present, China’s size on the world market is still only half that of the USA. The countries most affected by China are its neighbouring Asian economies and the resource-exporting countries. This confirms that China’s main influence so far has been as a regional force rather than global one. Nevertheless, some studies suggest that the terms-of-trade impacts have been quite large and that China’s growth has been an important source of growth for Asian and other economies, including the USA.

Keywords:   economic growth, economic development, economic impact, exports, Chinese economy, international trade, world economy

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