Measuring the Competitiveness of China's Processed Exports

Willem Thorbecke

China & World Economy, 2015, vol. 23, issue 1, 78-100

Abstract: China's surplus in processing trade remains large. Processed exports are final goods produced using parts and components that are imported duty free. Because much of the value-added of these exports comes from East Asia, exchange rates throughout the region should affect their foreign currency prices. This paper presents data on value-added exchange rates for processed exports over the 1993–2013 period and reports that they significantly affect exports. While the renminbi appreciated 36 percent between the beginning of 2005 and the end of 2013, exchange rates in supply chain countries depreciated. This has mitigated the effect of the RMB appreciation on the price competitiveness of processed exports.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1111/cwe.12100 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Measuring the Competitiveness of China's Processed Exports (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:chinae:v:23:y:2015:i:1:p:78-100

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1671-2234

Access Statistics for this article

China & World Economy is currently edited by Yongding Yu

More articles in China & World Economy from Institute of World Economics and Politics, Chinese Academy of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().