Exchange Rate, structure of Trade and Trade balance in the context of China and G-7 Countries

中国与七国集团背景下的汇率、贸易结构和贸易平衡

• 批准号: 21530214
• 负责人: XING Yuqing
• 金额: $ 2.75万
• 依托单位: National Graduate Institute for Policy Studies
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2009
• 资助国家: 日本
• 起止时间: 2009 至 2011
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-21530214/
• 关键词: China; exchange rates; trade balances; processing trade; exchange Rates; supply chains; iPhone; Exchange Rates; Pass-through; US; Japan; Exchange Rate

The major results of this research are 1. China's overall trade surplus from 1994-2008 were attributed 100% to processing trade, which also determined China's bilateral trade balance with G-7 and other major trading partners ; 2. The appreciation of the Yuan would not only reduce China's processing exports but also processing imports. The overall effect of the Yuan's appreciation on China's trade balance would be limited ; in addition, the appreciation of the Yuan would affect only the value added produced in China NOT all value added embedded in "made-in-China" Products. 3 the pass-through of the Yuan appreciation is in-complete. There is no pass-through effect to the prices of Japanese imports from China ; and 4. Current trade statistic greatly inflates the bilateral trade imbalances between China and the US. Most of China's trade surplus with the US was transferred from third countries. Reforms in trade statistics are needed.

研究的主要成果是： 1. 1994-2008年中国总体贸易顺差100%归因于加工贸易，这也决定了中国与七国集团等主要贸易伙伴的双边贸易平衡； 2、人民币升值不仅会减少中国的加工出口，还会减少加工进口。人民币升值对中国贸易平衡的总体影响有限；此外，人民币升值只会影响中国生产的附加值，而不影响“中国制造”产品的所有附加值。三是人民币升值传导不完全。日本从中国进口的产品价格不存在传导效应； 4.当前的贸易统计数据极大地夸大了中美双边贸易不平衡。中国对美国的贸易顺差大部分是从第三国转移过来的。需要对贸易统计进行改革。

项目成果

The Yuan's Exchange Rates and Pass-through Effects on the Prices of Japanese and the US Imports

人民币汇率及对日本和美国进口产品价格的传递效应

• 发表时间: 2010
• 作者: 加藤晃;成田淳司;Yuqing Xing;Yuqing Xing;Yuqing Xing;Yuqing Xing;Yuqing Xing
• 通讯作者: Yuqing Xing

How the iPhone widens the US trade deficit with China

iPhone如何扩大美国对华贸易逆差

• 发表时间: 2011
• 作者: F.Yao;D.S Dai;Y.R. Ying;姚峰・李謡・銭琳琳;F.Yao;F.Yao;F.Yao;姚峰;F. Yao & Y.R. Ying & S.G. Dai;F. Yao;姚峰;阿部高樹・井上健;姚峰（刈屋武昭）;熊本尚雄・阿部高樹・井上健・初澤敏生;阿部高樹・井上健;井上健・阿部高樹・小島彰・東田啓作;井上健・阿部高樹・小島彰・東田啓作;東田啓作・井上健・阿部高樹;東田啓作・井上健・阿部高樹;Yuqing Xing;Yuqing Xing and Deal Detert;成田淳司;Yuqing Xing
• 通讯作者: Yuqing Xing

How the iPhone Widens the United States Trade Deficit with the People's Republic of China

• DOI: 10.2139/ssrn.1729085
• 发表时间: 2010-12
• 期刊: ERN: Other IO: Empirical Studies of Firms & Markets (Topic)
• 作者: Yuqing Xing;Neal Detert

Yuan' Appreciation and Pass-through Effects

人民币升值及传递效应

• 发表时间: 2010
• 作者: 加藤晃;成田淳司;Yuqing Xing;Yuqing Xing;Yuqing Xing
• 通讯作者: Yuqing Xing

Processing Trade

加工贸易

• 发表时间: 2010
• 作者: 加藤晃;成田淳司;Yuqing Xing;Yuqing Xing;Yuqing Xing;Yuqing Xing
• 通讯作者: Yuqing Xing