• Title/Summary/Keyword: China's Economic Growth

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Effect of Trade with China on North Korean Economic growth: Focus on Liaoning (중국과의 무역이 북한 경제성장률에 미치는 영향: 랴오닝성을 중심으로)

  • Ting, Fan Xiao;Kim, Young-Min
    • Asia-Pacific Journal of Business
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    • v.13 no.3
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    • pp.463-473
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    • 2022
  • Purpose - The purpose of this study is to examine the effect of the North Korea's net export to China and Liaoning on the North Korean economic growth. Design/methodology/approach - This study collects the data on the net export of North Korea to China and Liaoing from General Administration of Customs, People's Republic of China. Vector Autoregression(VAR) is also employed for the analysis. Findings - First, North Korea's net export to all of China and Liaoning gives the positive effect on North Korean economic growth. Second, the nuclear test of North Korea gives the negative effect on the North Korean economic growth. Third, the net export to China and Liaoning granger causes the North Korean economic growth. Lastly, the nuclear test of North Korea also granger causes the North Korean economic growth. Research implications or Originality - The estimation results show the net export of North Korea to China as well as Liaoning is important to the economic growth. Therefore, we need to examine North Korea's trades with specific region as well as all of China in order to enhance the North Korean economic growth.

The analysis for an effect influence between a China's regional firm's export and economic growth - Focused on China economy after the direction of Chinese reform - (중국의 지역별 수출과 경제성장 간의 영향관계 분석 -개혁개방 이후의 중국경제를 중심으로-)

  • Song, Jun;Kim, Soo-Eun;Hwang, Yun-Seop
    • International Commerce and Information Review
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    • v.12 no.2
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    • pp.239-265
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    • 2010
  • After reform and openness action, china has been recorded high rate of increasing in export and continuous economic growth. Also their role in the international economy has been rise. The major reason of these incredible growth of China is the openness by a trade, after all the economic growth of China is evaluated an export-led growth. But, some insist that the growth of China has been accomplished by a domestic-based economy not but an export-led economy. For verification of former insists, using a yearly data, China exports and GDP, from 1979 to 2007 and performs time-series to examine an existence of causality between China's regional exports and GDP. As result of analysis, GDP and exports have two-way causality significantly when not considering region case. After the direction of Chinese reform, the east region has a strong significant relation, which support that export-led growth. While, middle and west region has weak causality between exports and GDP.

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Two-Sided Mirror: An Analysis of Inflation's Dual Impact on China's Economic Growth

  • Ke Chen;Jongheuk Kim
    • East Asian Economic Review
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    • v.28 no.2
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    • pp.175-219
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    • 2024
  • This study investigates the impact of inflation rate fluctuations on economic growth in China, with a particular focus on potential non-linear characteristics. The global economic impact of the COVID-19 pandemic notably heightens the study's relevance. The research that the unidirectional causal relationship from inflation to economic growth in China first strengthens and then weakens over time. Furthermore, there is an inflation rate threshold effect on economic growth, identified at 2%. Below this threshold, inflation positively influences economic growth, whereas above it, the impact turns negative. This finding underscores the importance of balancing economic growth with inflation control in the formulation of monetary policy.

Effect Analysis of Korea Economic about the Growth Slowdown of China Economic under FTA (FTA 시대에 중국 경제의 성장둔화가 한국경제에 미치는 영향분석)

  • Kim, Kyoung-Hee;Yoo, Seung-Gyun
    • International Commerce and Information Review
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    • v.16 no.5
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    • pp.225-248
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    • 2014
  • Korea and China signed an FTA at November 10, 2014. The entry of China - the factory of the World - can be more active and easier. But Recently, China's economic growth is slowdown, and it began to emerge as a voice of concern. Therefore I analyze Chnia's economic slowdown is the impact on Korea's economy in this study. This study presented current trends and future prospects on China's economic situation. The changes of China's economic growth are the reduction of economic growth rate, falling proportion of processing trade, and the competition relationship of two countries. So they will be analyzed on this study. And this study presents ways that Korea economy reacts for China's economic growth slowdown. Trade statistics system of Korea International trade Association(KITA) is leveraged for this analysis. For competition relationship analysis, I analyze to use Contribution to the Trade Balance, Trade Specialization Index, Revealed Comparative Advantage of Country.

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A Study on the Sustainable Development of China's Economy: based on the Experiences of South Korea's Economic Development (중국의 지속적 경제발전에 관한 연구: 한국의 경제발전 경험을 바탕으로)

  • Ju, Sung whan;Kwon, Sun Hee
    • International Area Studies Review
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    • v.15 no.3
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    • pp.325-348
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    • 2011
  • This paper analyses how China is likely to be able to sustain its current pace of growth. The results of analysis show that China's economic growth matches standard growth patterns identified by the models of economic development such as structural change, catching up model. Furthermore, China's economic growth, within these analytical frameworks, matches those of Korea at an earlier stage of her development. So Korea's growth patterns may well apply to the future of China such as the benefits of free society with economics and politics which generate technical progress and innovations. A country with a high innovative capacity is one whose institutions - educational, economic, political, legal, and so forth - allow it to dynamically and continually generate new products and services in a myriad of sectors. These are the way how China is likely to be able to sustain her economic development.

Consumption Structure and Prospects of Seafood in China (중국 수산물 소비구조와 전망)

  • Teligengbaiyi, Bao
    • The Journal of Fisheries Business Administration
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    • v.37 no.3 s.72
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    • pp.109-130
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    • 2006
  • Rapid economic development has led seafood consumption to its quality - oriented pattern as well as consumer's in China. This study concerns about The First, China is Seafood development background. The Second, China become emboldened seafood causes. The third, seafood consumption has characteristic. The fourth, seafood consumption has the organization of society. The study shows that there are economic developmental periods Chinas has three time. The First time$(1961\sim1983)$ is rapid growth. The Second time$(1984\sim1998)$ is growth accumulate. The third time$(1999\sim)$ is changing on seafood consumption as the consumption of seafood is changed according to economic variables changes in income, price, tastes and population. This changing pattern of seafood consumption is based on economic variables appears toward luxury and convenience seafoods. Consumption of food is also affected by non - economic variables. The most typical non - economic variables leading to changes of seafood consumption is local, seafood culture, $et{\ldots}$ Recently seafood consumption pattern shows that consumers paying more money to get their seafood preference for pursuing its hight growth and varienty.

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Relevance of China's Reform Experience to India

  • MAlIK, Ishfaq Ahmad;RATHER, Ajaz Ahmad;TEKLE, Tibebu Alemu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1123-1132
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    • 2020
  • The aim of this paper is to understand the nature of transformation of the Chinese economy. China's approach to the process of economic development in the aftermath of the reforms in the late 1970's has been a success story and a phenomenon of great significance. It helped millions of people move out of poverty and achieve an acceptable standard of life. The economic policy of China was more effective than India's; we measured this effectiveness in terms of two fundamental approach: first, growth was fundamental for ensuring and increasing the wellbeing as it increases total output in China compare to India; second, growth was pro-poor in China, but not in India, during the period 2000-2011. In this paper, we seek to explain how China reduced extreme poverty through reforms, and this reform experience of China stands out for three reasons. The first is renewed thrust on the rural economy and private sector, second is decentralized planning, and third is investment in human resource development. This experience of China's reform success offers a significant lesson for most of the developing countries, especially India, since India has more similarities with China. Therefore, this experience is particularly insightful for India.

Renewable Energy Consumption and Economic Growth in China

  • Erusalkina, Daria;Saphouvong, Linda
    • Asia Pacific Journal of Business Review
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    • v.7 no.1
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    • pp.23-47
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    • 2022
  • Environmental pollution is becoming more and more serious, and people gradually realize the harmfulness of environmental pollution, so they pay more and more attention to environmental problems. Also, the conflict between environmental issues and economic growth, and the renewable energy consumption is increasing. The emergence of renewable energy in China has improved the problem of energy shortages and further protects the environment. This article studied the renewable energy resources and the status quo of development and utilization, examined China's renewable energy development countermeasures and suggestions, and conducted an empirical analysis of the effect of renewable energy on economic growth in China. The empirical research concluded that energy consumption and renewable energy consumption have a positive and significant impact on economic growth, and the driving effect of traditional energy on GDP growth is still greater than the driving effect of renewable energy on GDP growth.

A Study on Logistics Hub Strategy of China based on Economic Development (경제발전에 따른 중국의 물류허브화 전략에 관한 연구)

  • Oh, Moon-Kap
    • International Commerce and Information Review
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    • v.12 no.3
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    • pp.197-221
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    • 2010
  • China has experienced repid economic growth since it opened its economic market. Apparently, China tends to follow the worldwide trends and it plans to play a leading role in the world. As China has become a global manufacturing center as well as a manufacturing powerhouse with its high economic growth rate, China's logistics industry has entered a stage of fast growth and the demand of logistics infrastructure and third party logistics service are increasing rapidly. This study is to present some efficient entering strategies of Korean logistics firms in China by examining the current situations of logistics industry in China and some business strategies of international logistics firms in China. From the research which sees consequently investigated a various policy, a system and a law about chinese logistics industry and present condition of the Chinese goods enterprise and instance analysis of the large Chinese corporation that branch out to undeveloped markets led and a Chinese logistics industry and problem point escape hereafter the heightening of competitiveness plan which is rational under presenting boil.

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Urbanization and Economic Growth in China: Test of Williamson's Hypothesis (Williamson 가설검정에 의한 중국의 도시화와 경제성장에 관한 연구)

  • Kim, Jong-Sup
    • International Area Studies Review
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    • v.16 no.3
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    • pp.323-341
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    • 2012
  • In the recent year, the urbanization is emerging as important issue for sustainable development in China. Like the most of the world, urbanization of China is closely related with the domestic market development, the innovation of industrial structure, and the reduction of income cap among regions, urban-rural region and so on. This paper analyzes the impact of urbanization on economic growth using cross section data and time series data of the eastern coastal regions in China. Based on the existing literature, we establish a hypothesis, which is basically the same as Williamson(1965)'s hypothesis, that urbanization promotes the economic growth at the early stages of development but has adverse effects in economies that have reached a certain income level. The results of study are as follows: Using 10-provinces data of the eastern coastal region in China, this paper examines the impact of urbanization on economic growth. Regression results suggest that Williamson's hypothesis is not verified, regardless of estimation methods in two models. Hence, the results show that the impact of urbanization on economic growth has not the inverse U-type function in the eastern coastal region of China.