Chapter

China in the Global Economy

Amiya Kumar Bagchi and Anthony P. D’Costa

in Transformation and Development

Published in print November 2012 | ISBN: 9780198082286
Published online January 2013 | e-ISBN: 9780199082377 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198082286.003.0008
China in the Global Economy

Show Summary Details

Preview

China has become closely integrated with the outside world, not only with its huge exports and foreign direct investment (FDI) inflows but also in terms of short-term capital flows. The first two contribute to output and employment, while generating foreign exchange, raising the country's official reserve stocks to nearly US$ 2 trillion. This chapter analyses China's deep integration with the world economy and the systemic risks associated with such integration. It begins with a brief discussion of China's trade patterns, followed by a more in-depth discussion of China's financial integration. It also shows that FDI has been instrumental in providing a major share of exports and gross domestic capital formation, apart from providing employment.

Keywords: world economy; Chinese economic integration; Chinese FDI; Chinese short-term capital flows; Systemic risks; Chinese trade patterns; Chinese exports; domestic capital formation; Chinese gross domestic capital formation

Chapter.  6486 words.  Illustrated.

Subjects: Comparative Politics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.