The Chinese economy, seen from Japan and the Netherlands

Wim Suyker

No 185, CPB Memorandum from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: This paper assesses the consequences of the rapid Chinese economic development for Japan and the Netherlands. China has become the most important supplier of import goods for Japan and the fourth most important one for the Netherlands. With two-thirds of Dutch imports from China being re-exported, the emergence of China has enhanced the role of the Netherlands as European distribution centre. As for exports, China is now a major market for Japan, but not for the Netherlands. This is in line with gravity models of foreign trade. The same holds for differences in foreign direct investment (FDI), with Japan the biggest investor in China and the Netherlands a minor one. The emergence of China has increased purchasing power of Japanese and Dutch households, while its effects on labour markets and income distribution are relatively modest. In spite of differences between Japan and the Netherlands, the consequences for economic policy of the increasing role of China are very similar.

JEL-codes: F14 F23 F40 F47 J31 O40 O57 (search for similar items in EconPapers)
Date: 2007-07
New Economics Papers: this item is included in nep-cna, nep-int and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:cpb:memodm:185

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