Economic Impact Of China Research Articles

Economic Impact of China’s High-Speed Railway on the Income Inequality in the Regions Along the Line

Economic Impact of China’s High-Speed Railway on the Income Inequality in the Regions Along the Line

Emission Reduction Effect, Influencing Factors and Economic Impact of China’s Carbon Market: An Empirical Test Based on a Multi-Period DID Model

The carbon emission trading market (carbon market) is an important policy tool for China to achieve the goal of “carbon peak and carbon neutrality” through market mechanism. This paper uses panel data of 30 provinces in China from 2005 to 2019 to examine the emission reduction effect (ERE) of China’s carbon market pilots using multi-period Difference-in-Differences (DID)method, and then analyzes the factors influencing ERE and the economic impact of carbon market. According to the Bacon decomposition and a series of robustness tests, the results reveal that China’s carbon market pilots have significant ERE. Both the expansion of the carbon market scale and the improvement of market activity level can significantly boost the carbon market’s ERE. Meanwhile, the establishment of carbon market has no negative impact on the economic growth. Therefore, we propose to accelerate the construction of the national carbon market, incorporating more industries in a systematic manner, expand the scale of the carbon market, steadily promote the innovation of carbon financial instruments, improve the activity of the carbon market, so as to promote the transformation of China’s green and low-carbon economy and achieve the emission reduction target as scheduled.

The Economic Impact of China's Aging: Saving, Consumption and Labor Market

With the advancement of technology, everyone has the right to live longer, which leads to a serious problem: aging. This article examines the differences in consumption, savings, and investment between older and younger people, as well as the impact of aging on the labor market, technology, and the economy. Thus, people can know what aspects of society will be affected by the seriousness of aging. Through this research, it is found that older people are more rational in their consumption compared to younger people. Moreover, as aging becomes more serious, it will reduce the proportion and number of labor force causing labor shortage and also slow down the technological innovation. The problems associated with aging identified in this article can be a useful reminder of some of the implications of aging. Investors can invest in nursing homes, health care products, and elderly-friendly products to further develop the silver economy and drive economic development.

The Sustainable Development and Economic Impact of China's Belt and Road Initiative in Ethiopia.

The purpose of this research is to assess the economic growth and sustainable development of Ethiopia. To what extent does the Chinese investment contribute to the overall economic development of Ethiopia after the Belt Road Initiative (BRI)? What are the main focus areas for development in the region and how does the BRI initiative connect people in the country? This research examines the development process through the use of a case study and discursive analysis to know the result of the investigation. The study is deeply elaborated and the technique adds analytical and qualitative methods. Furthermore, this research attempts to highlight the key approaches and concepts of Chinese engagement in Ethiopia as it attains development in several sectors through the BRI. The BRI is successfully pioneering transport systems, roads, railways, small industries, automotive sectors, and health development programs in Ethiopia. As result, the Chinese investments bring changes to the country after the successful launch of the BRI. Furthermore, the study concludes that there is a need to initiate numerous projects to improve human, social, and economic life in Ethiopia because the country is suffering from many internal problems and China has to work to eradicate recurring problems in the country. As an external actor, the role of China gains importance in Ethiopia in the context of the New Silk Road economic engagement in the African Continent.

The Boundary of Porter Hypothesis: The Energy and Economic Impact of China’s Carbon Neutrality Target in 2060

The process of carbon neutrality does have economic costs; however, few studies have measured the cost and the economic neutral opportunities. This paper uses a dynamic computable general equilibrium (CGE) model to simulate China’s carbon neutrality path from 2020 to 2060 and analyzes its economic impact. This paper innovatively adjusts the CGE modeling technology and simulates the boundary of the Porter hypothesis on the premise of economic neutrality. The results show that the carbon neutrality target may reduce the annual GDP growth rate by about 0.8% in 2020–2060. To make the carbon pricing method under the carbon neutrality framework meet the strong version of the Porter hypothesis (or economic neutrality), China must increase its annual total factor productivity by 0.56–0.57% in 2020–2060; this is hard to achieve. In addition, the study finds that China’s 2030 carbon target has little impact on the economy, but the achievement of the 2060 carbon neutrality target will have a significant effect. Therefore, the paper believes that the key to carbon neutrality lies in the coexistence of technological innovation and carbon pricing to ensure that we can cope with global warming with the lowest cost and resistance.

China’s Buddhist strategic narratives in Sri Lanka—benefits and Buddhism?

While the economic impact of China’s ‘Belt and Road’ Initiative (BRI) in Sri Lanka has been closely monitored in recent years, few studies have focused on the role of China’s Buddhist narratives in furthering the countries’ interests. By analyzing the Buddhist strategic narratives used in official Chinese and Sri Lankan statements, this article argues that under the BRI’s ‘people-to-people’ bonds, Chinese and Sri Lankan officials have used the Buddhist history and exchanges between the two nations to advocate for BRI projects, and to strengthen their cultural ties. This article finds, more narrowly, that China’s Buddhist diplomacy in Sri Lanka has increased since the BRI’s inception, and that it has focused on enhancing bilateral relations and mitigating criticism of projects. China’s strategic narratives have been somewhat successful, but since they are employed alongside economic investments, their precise impact is difficult to measure. More broadly, the CCP is increasingly positioning itself and the BRI through religious strategic narratives to mitigate criticism and further its interests and stature in the international system. However, while China’s projection of Buddhist strategic narratives, in tandem with infrastructure investments, may ensure the BRI’s continued implementation, this depends on the willingness of host countries of accepting these narratives.

A Study on the Economic Impact of China’s Logistics Assistance Service Industry

본 연구는 중국의 물류 보조 서비스산업이 중국 경제 속에 기여도를 분석하고 물류 보조 서비스산업의 중요성과 국민경제에미치는 영향을 이해함으로써 향후 중국 물류 보조 서비스산업의 발전 전략에 도움을 주는데 목적이 있다. 이 목적을 달성하기 위해 본 연구는 중국통계청이 2019년에 발표한 2017년 산업연관표를 이용해 기본분류인 149개 산업을 33개 산업으로 분류하여 분석하였다. 분석 결과는 중국 물류 보조 서비스산업의의 생산유발계수 열 합계는 2.3631, 행 합계는 1.7062, 감응도계수는 0.0191, 영향력 계수는 0.0264, 소득유발계수는 0.8442, 생산세유발계수는 0.0312로 나타났다. 분석결과에 따라 시사점을 도출하였다. 첫째, 중국 물류 보조 서비스산업은 정부의 적극적인 정책적인 지원이나 우대가 필요하다. 둘째, 중국 물류 보조 서비스산업은 기술 혁명과 새로운 운영이념이 필요하다. 셋째, 중국 물류 보조 서비스산업은 명확한 규정, 완비한 제도와 시장에 대한 감독이 요구된다.

The Economic Impact of China's Outward Foreign Direct Investment on the Belt and Road Initiative Countries — Based on the Mediating Effect of Employment

The Economic Impact of China's Outward Foreign Direct Investment on the Belt and Road Initiative Countries — Based on the Mediating Effect of Employment

An Analysis on the Economic Impact of China's Education Industry

An Analysis on the Economic Impact of China's Education Industry

The environmental co-benefit and economic impact of China's low-carbon pathways: Evidence from linking bottom-up and top-down models

Deep decarbonization pathways (DDPs) can be cost-effective for carbon mitigation, but they also have environmental co-benefits and economic impacts that cannot be ignored. Despite many empirical studies on the co-benefits of NDCs at the national or sectoral level, there is lack of integrated assessment on DDPs for their energy, economic, and environmental impact. This is due to the limitations of bottom-up and top-down models when used alone. This paper aims to fill this gap and link the bottom-up MAPLE model with a top-down CGE model to evaluate China's DDPs' comprehensive impacts. First, results show that carbon dioxide emissions can be observed to peak in or before 2030, and non-fossil energy consumption in 2030 is around 27%, which is well above the NDC target of 20%. Second, significant environmental co-benefits can be expected: 7.1 million tons of SO2, 3.96 million tons of NOx, and 1.02 million tons of PM2.5 will be reduced in the DDP scenario compared to the reference scenario. The health co-benefits demonstrated with the model-linking approach is around 678 billion RMB, and we observe that the linked model results are more in accordance with the conclusions of existing studies. Third, after linking, we find the real GDP loss from deep decarbonization is reduced from 0.92% to 0.54% in 2030. If the environmental co-benefits are considered, the GDP loss is further offset by 0.39%. The primary innovation of this study is to give a full picture of DDPs' impact, considering both environmental co-benefits and economic losses. We aim to provide positive evidence that developing countries can achieve targets higher than stated in the NDCs through DDP efforts, which will have clear environmental co-benefits to offset the economic losses.

Domestic Sources of the US Trade War with China

The origins of the US–China trade war predate the Trump administration’s aggressive stance and have their roots in the economic impact of China’s entry into the WTO and China’s economic practices. The recently concluded phase one deal provides each side a chance to cool the tensions, but the politics in the United States likely preclude a full resolution in the near term. Another consequence of the trade war is the acceleration of production shifts out of China to Southeast Asia, but these opportunities are accompanied by greater US scrutiny of trade with the region.

Research on CO2 Emission Reduction Mechanism of China’s Iron and Steel Industry under Various Emission Reduction Policies

In this paper, a two-stage dynamic game model of China’s iron and steel industry is constructed. Carbon tax levy, product subsidy, carbon capture and sequestration (CCS) and other factors are included in the emission reduction mechanism. The effects of emissions reduction and the economic impact of China’s overall steel industry (and that of its six main regions) are investigated for the first time under different scenarios. As new findings, we report the following: (1) Not all factors declined. The overall social welfare, consumer surplus, output and emissions decrease with a gradual increase in the reduction target, whereas the carbon tax value, unit value of product subsidies and total subsidies show a rising trend; (2) A combination of multiple emissions reduction policies is more effective than a single policy. With the implementation of a combined policy, regional output polarization has eased; (3) Steel output does not exceed 950 million tons, far below the current peak. These results will help the industry to formulate reasonable emissions reduction and output targets. In short, in effort to eliminate industry poverty and to alleviate overcapacity, the industry should not only adopt the various coordinated reduction policies, but also fully consider regional differences and reduction needs.

The Economic Impact of China's Anti-Corruption Campaign

We study how China's recent anti-corruption campaign affects local economies. Our identification is based on a staggered difference-in-differences design and county-month level variations in inspection visits. We find that inspection visits decrease business entries by 0.9% in registered capital, and the effect is concentrated on sectors susceptible to corruption, such as construction and infrastructure. Lands sold by local governments become 3.9% more expensive, mostly driven by non-market transactions. Car consumption decreases by 3.4%, which is homogeneous across price tiers. All effects persist for at least 12 months. The heterogeneous effects across different regions suggest different levels and forms of corruption.

Economic Impact of China’s Investments in Mali’s Construction Sector on Mali

Economic Impact of China’s Investments in Mali’s Construction Sector on Mali

The Dragon vs. the Eagle & Serpent: The Economic Impact of China in Mexico

Although China has become, over the past three decades, an unprecedented case of economic growth accompanied by a voracious appetite for natural resources, China has been increasingly engaging with Latin America. However, as Sino-Latin American relationships have improved Latin American countries’ economies through their supply of primary products and through the region’s growing importance to China as a market, Mexico has not benefited from this increased engagement. This paper will show that as the balance of trade of selected Latin American countries has grown with China and benefited their economies, it has not been the case with Mexico in particular.

China's Strategic Penetration of Latin America: What It Means for U.S. Interests

Abstract The emergence in recent years of the People's Republic of China as a significant force in Latin America and the Caribbean has clearly altered the traditional dynamic in a way that affects how the United States relates both to the region as a whole and to its individual countries. A close examination of the growing links that China has forged shows that while it is driven by the need to acquire access to stable supplies of energy and natural resources required to facilitate the country's economic development as well as to open new markets for its manufactured goods, geopolitical considerations are also at play. Among those are the desire to reduce the number of states in the region that still maintain diplomatic relations with the Republic of China on Taiwan and the promotion of a multipolar world order. It is within that context that conclusions can be drawn about both the economic impact of China's increasing presence on Latin America's development and its political and security implications for the United States. Finally, several elements are suggested for a more engaged U.S. policy going forward vis-à-vis its neighbors in Central and South America and the Caribbean.

The Economic Impact of China and India on Southeast Asia

The Economic Impact of China and India on Southeast Asia

The Economic Impact of China and India on Southeast Asia

China's growing economic clout is increasingly felt in Southeast Asia. Competition has intensified in trade and foreign direct investment (FDI). Many companies in the region are finding it hard to compete against the lower prices offered by Chinese competitors. At the same time, China's voracious appetite for imports and the growing numbers of Chinese tourists have also brought good news. Just as the region is adjusting to China's growing economic presence, it is also now evident that India is also casting a potentially competitive shadow over Southeast Asian economies ? it is beginning to attract more FDI and it is clearly highly competitive in several service activities. This chapter will argue that the emergence of China and India will precipitate substantial policy and micro-level changes to the region. These adjustments will help Southeast Asian economies to respond to the growing competition and so permit them to find their own niches in the emerging new division of labour. In the process, there will be many winners and quite a few losers in the region. Whether the balance is a net positive or a net negative will depend on how effectively each country adjusts to the more competitive world that China and India create. It is argued here that the winners will be those countries that have the political will to reinvent policies and the entrepreneurial capacity to adapt and re-engineer the microeconomy. This chapter will begin with a review of how China and India have affected the regional economies in trade, investment and other economic areas. It will then review how these countries are adjusting to this new world and conclude with an assessment of what the net impact would be on economic growth and development in the region.