China's Exports in a Protectionist World

Willem Thorbecke, Nimesh Salike () and Chen Chen

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: Tariffs, currency wars, and protectionism pose risks for Chinese firms. In theory, tariffs and exchange rates exert equivalent effects on export volumes. In practice, tariffs deter trade more than appreciations. This paper estimates exchange rate elasticities for China's four-digit export categories, and uses these to infer lower bounds for the impact of tariffs on exports. The results indicate the China's flagship industries such as electronics and machinery are exposed to exchange rate appreciations and tariffs. The paper then considers how China can promote freer trade to mitigate risks and reduce uncertainty.

Pages: 18 pages
Date: 2020-02
New Economics Papers: this item is included in nep-cna and nep-int
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Citations: View citations in EconPapers (1)

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Journal Article: China’s exports in a protectionist world (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:20011

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