Title Chinese imports : what's behind the slowdown? / prepared by Joong Shik Kang and Wei Liao

Published [Washington, D.C] : International Monetary Fund, Asia and Pacific Department, [2016]

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Description 1 online resource (34 pages) : illustrations Series IMF working paper ; WP/16/106 IMF working paper ; WP/16/106. Contents Cover; Contents; I. Introduction; II. Recent Developments; III. China's Processing Trade and Onshoring; IV. Empirical Estimation and Results; V. Contribution to the Import Slowdown; VI. Conclusion; References; Figures; 1. Contribution to Changes in Current Account; 2. Current Account; 3. Growth in Goods Imports; 4. Growth in Commodity Imports in 2015; 5. Crude Material Import Growth; 6. Mineral Fuel Import Growth; 7. Growth in Noncommodity Imports in 2015; 8. Noncommodity Import Growth; 9. Real Import Growth; 10. Average Growth Rates; 11. Change in Share of GDP By Expenditure (2011-15) 12. Change in Share of GDP By Expenditure (2007-11)13. Average Contribution to Real GDP Growth; 14. Import Contents of Main GDP Components; 15. GDP versus IAD; 16. Processing Imports Versus Ordinary Imports; 17. Processing Exports Versus Ordinary Exports; 18. A Ratio of Processing Imports to Total Exports; 19. Contribution to Import Growth I (06Q1-13Q4 versus 14Q1-15Q3); 20. Contribution to Import Growth II (06Q1-13Q4 versus 14Q1-15Q3); 21. Contribution to Import Growth I (2013 versus 2014 versus 2015); 22. Contribution to Import Growth II (2013 versus 2014 versus 2015) 23. Contribution to Import Slowdown (06Q1-13Q4 versus 14Q1-15Q3)Tables; 1. Proportion of Customs Regime by Trade Value in 2014; 2. Aggregate Imports of Goods and Services from National Accounts; 3. Aggregate Imports of Goods from National Accounts; 4. Aggregate Imports of Goods and Services from National Accounts; 5. Aggregate Imports of Goods from National Accounts; 6. Aggregate Imports of Goods from Customs; 7. Imports of Processing Goods from Customs; 8. Imports of Nonprocessing Goods from Customs; 9. Aggregate Imports of Goods and Services from National Accounts 10. Aggregate Imports of Goods from National Accounts11. Impact of Rebalancing on Import; Appendices; I. Trade Data from the National Accounts; II. Alternative Measure of Import Intensity; III. Estimation with Seasonally-Adjusted Series; IV. Contribution to the Export Slowdown Summary "Real imports in China have decelerated significantly over the last two years to below 4 percent (yoy) from double-digit growth in previous years. Weaker investment, partly due to progress in rebalancing from investment to consumption, has been the main factor accounting for about 40-50 percent of slowdown during this period. Weaker exports also account for about 40 percent of slowdown, of which about a quarter is due to stronger RMB. Onshoring - substitution of imported intermediate inputs with domestic production - has not been an additional drag over this period but it continues to slow import growth at a similar pace as previous periods. There is large uncertainty about the impact of rebalancing on the import slowdown due to difficulties in identifying the counterfactual non rebalancing path."--Abstract Notes "May 2016." Bibliography Includes bibliographical references (pages 32-33) Subject Imports -- China Foreign exchange rates -- China Foreign exchange rates Imports China Form Electronic book Author Liao, Wei (Wei Carol), 1979- author. International Monetary Fund. Asia and Pacific Department, issuing body. ISBN 1475540183 9781475540185 1484368622 9781484368626

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