Positive effects - China's Influence on World Trade

Positive effects - China's Influence on World Trade - 1...

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1. China’s integration with the global economy has contributed to sustained growth in international trade . Both its exports and imports have grown faster than world trade for more than twenty years. 2. Chinese imports of both manufactured goods and raw materials have more than doubled over the past seven years. This increased demand has boosted exports and growth in many economies, especially in China’s Asian neighbors and commodity exporters (such as Brazil and Chile). Also, the countries likely to benefit the most from China’s increased integration into the global economy appear to be Asian exporters of capital- and resource-intensive products. 3. Chinese imports give poor countries, such as those in Africa, access to goods and amenities that developed countries take for granted but that most people there could not have dreamed of affording just a few years ago — cellular telephones, televisions, washing machines, refrigerators, computers. And cheaper prices on more basic items, like clothing, light bulbs and shoes, mean people have more money in their pockets. 4.
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This note was uploaded on 01/31/2012 for the course SCHOOL OF 0000 taught by Professor Na during the Spring '08 term at Sheridan College.

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Positive effects - China's Influence on World Trade - 1...

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