| Series |
Routledge studies in the modern world economy
Routledge studies in the modern world economy. ^A399476
|
| Contents |
Chinese Trade- Front Cover; Chinese Trade; Title Page; Copyright Page; Contents; Acknowledgements; PART I: United States, the European Union and China; Chapter 1: Introduction; The outline of the book; Notes; References; Chapter 2: Nixon and Kissinger; Mao Zedong meets Richard Nixon, February 21, 1972; Note; References; PART II: Spectacular growth and the Chinese economy; Chapter 3: China reforms from 1978 to 1990; References; Chapter 4: China from 1990 forward; References; Chapter 5: China's currency manipulation; References; PART III: Foreign direct investment |
| Contents |
Chapter 6: US foreign direct investment (FDI)References; Chapter 7: European foreign direct investment; Note; References; Chapter 8: China foreign direct investment in the United States; References; Chapter 9: China foreign direct investment in Europe; Note; References; PART IV: Trade balances; Chapter 10: US trade policies and trade balances with China in the 1990s; References; Chapter 11: EU trade policies and trade balances with China in the 1990s; References; Chapter 12: US trade policies and trade balances with China from 2000; Most recent developments; US trade with China |
| Contents |
Foreign investment conditions in ChinaNote; References; Chapter 13: EU trade policies and trade balances with China from 2000; Total goods: EU-China trade flows and balance 2005-2016; Trade flows by STIC section 2015-2016; Trade flows by SITC section 2012-2014; The EU top trading partners 2015-2016; References; PART V: Conclusions; Chapter 14: Conclusions; Trade deficits and the manufacturing sectors of the West; The future of EU and US manufacturing; The trade deficit with China and the macroeconomic factors; Trade deficits equal a reduction in GDP; References; Index |
| Summary |
There's no question, compared to the advanced economies China's economic growth rates have been spectacular, but in most instances the economic analysts tend to forget that a large part of China's growth has been dictated by government industrial subsidies. How did China go from a bit player overnight to the largest exporter in the world in capital-intensive industries? This book shows that government subsidies play a big part in China's success. Government subsidies include those to basic industries: energy (coal, electricity, natural gas and heavy oil), steel, glass, paper, auto parts, solar and more. A lot has been written about China's trade practices with the West, but none of this work addresses the real unsustainable dilemma. Much of the current literature discusses the problems but doesn't explain the root cause of China's lopsided trade practices with the West or explain in detail how China finances its government subsidies, with nothing written that explains that China's subsidized exports to the United States and European Union are basically self-funded by its enormous trade surplus with the West. A trade surplus represents a net inflow of domestic currency from foreign markets and is the opposite of a trade deficit, which would represent a net outflow. Moreover, this is the only book that describes China's current trade practices with the West as a zero sum game at the expense of the West. This book provides two solutions to this endless quagmire: an increase in Western exports to China so that China and the West have more of an equal trade balance, or a very steep reduction of China's exports to the West. |
| General note | Part I United States, the European Union and China Introduction Nixon and Kissinger Part II Spectacular growth and the Chinese economy China reforms from 1978 to 1990 China from 1990 forward China's currency manipulation Part III Foreign direct investment US foreign direct investment (FDI) European foreign direct investment China foreign direct investment in the United States China foreign direct investment in Europe Part IV Trade balances US trade policies and trade balances with China in the 1990s EU trade policies and trade balances with China in the 1990s US trade policies and trade balances with China from 2000 EU trade policies and trade balances with China from 2000 Part V Conclusions Conclusions |
| Issued in other form | Print version : 9781138488625 |
| ISBN | 9781351039802 (ePub ebook) |
| ISBN | 1351039806 |
| ISBN | 9781351039819 (PDF ebook) |
| ISBN | 1351039814 |
| ISBN | 9781351039796 (Mobipocket ebook) |
| ISBN | 1351039792 |
| ISBN | 9781351039826 (ebook) |
| ISBN | 1351039822 |
| Standard identifier# |
10.4324/9781351039826 |
| Stock number | 9781351039802 Ingram Content Group |
