Abstract
Based on the classification of 144 kinds of manufac tured products, we make an analysis on the technological structure of Chinese manufactured exp orts from 1999-2009. We find that: (1) the trade structure of Chinese manufactured exports are total ly changed in both world and US markets, the share of Low Technology (LT) products in the total exports s hrank while the share of High Technology (HT) products expanded. The development of HT1 products (electronic and electrical products) contributed a lot to the rapid growth of the share of HT exports. (2) Compared with other BRICs and select Asian countries, China had absolute advantage in the US i mport market. However, in contrast to Canada, Mexico, Japan and Germany, China has no revealed comparative advantage except in LT and HT1 products. (3) The trade structure for Chinese expor ts manifests the tendency of optimization, the best example is Medium Technology (MT) products and the least is HT products.
Highlights
Over the past three decades, exports have always been the significant engine for the rapid growth of the Chinese economy
We find that: (1) the trade structure of Chinese manufactured exports are totally changed in both world and US markets, the share of Low Technology (LT) products in the total exports shrank while the share of High Technology (HT) products expanded
(3) The trade structure for Chinese exports manifests the tendency of optimization, the best example is Medium Technology (MT) products and the least is HT products
Summary
Over the past three decades, exports have always been the significant engine for the rapid growth of the Chinese economy. The decrease of the overseas market demand, as a result of the economic crisis initiated by the USA subprime crisis, brings about an unprecedented challenge towards Chinese exports. The Chinese economy faces the risk which is worse than expected, so the falling growth rate, especially the falling exports, becomes a question of questions, bringing massive and severe challenges to the Chinese economy. The Chinese Ministry of Commerce has directly stated that stabilizing overseas market demand and assuring exports are still their first priority. Under the economic crisis, facing the fierce competition in the world market and the change of overseas demand structure, the trade structure of exports is one of the main factors influencing Chinese export volume. Based on all of the above, this study will make a deep analysis on the trade structure of Chinese manufactures over the period 1999-2009, in both the world and US market. With a fuller understanding of the trade structure of Chinese export manufactures, this study puts forward some reasonable suggestions for the sustainable development of Chinese trade
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