munakataappendix

Appendix: 

Appendix December 4, 2003 Naoko Munakata <munakata-naoko@rieti.go.jp> Senior Fellow, RIETI Visiting Scholar, Sigur Center for Asian Studies, GWU

China’s Rapid Economic Growth : 

China’s Rapid Economic Growth Source:the World Development Indicators Database

Share of World GDP (current US$): 

Share of World GDP (current US$) Source: the World Development Indicators Database　(current US$) China was the world’s 6th largest economy in 2002. China & G7 in 2002

Growing Importance of China Trade: 

Growing Importance of China Trade Import Export Import+Export Share of trade with China (As % of trade with the world)

Surging Imports from China: 

Surging Imports from China US China ASEAN EU NIEs＊ Source: Ministry of Finance, Trade Statistics *) NIEs: ROK, HK, Taiwan Japan’s Import Sources (1999-2003 Sep.) (6-month moving average) Billions of Yen Imports from China surged in 2000. China replaced the U.S. as the largest exporter to Japan.

Bilateral Trade Balance: 

Bilateral Trade Balance Source: Ministry of Finance, Trade Statistics China China+HK

Fear of Hollowing-out: 

Fear of Hollowing-out Source: Ministry of Finance, Foreign Direct Investment Japan’s FDI to China (FY1989-2002) New Dimensions Accompanying domestic closedown/ retrenchment In higher-end production Eroding local industrial clusters

Surging Exports to China: 

Surging Exports to China Japan’s Export　Destinations (1999-2003 Sep.) (6-month moving average) US China ASEAN EU Source: Ministry of Finance, Trade Statistics Share of exports to China 　　　　　　　　　　　　　　　+HK 5.6% 10.9% 6.3% 12.0% 7.7% 13.5% 9.6% 15.7% (YTD)　12.0% 18.3% 2003 (Sep.) 12.7% 19.2% China+HK Billions of Yen Exports to China started to surged in 2002.

Exports for China’s Domestic Demand: 

Exports for China’s Domestic Demand High growth items of Japan’s exports for China’s domestic markets Source: Ministry of Finance, Trade Statistics

Improving Profitability in China: 

Improving Profitability in China After-tax profits of Japanese affiliates in East Asia Source: METI, White Paper on International Trade 2003

Prospects of Affluent Markets: 

Prospects of Affluent Markets Average Salary/Income (2001) Source: World bank, the World Development Indicators Database Japan External Trade Organization (JETRO), China Data File 2002-03 (in Japanese) JETRO, JETRO Sensor, October 2003 (in Japanese)

Emerging Provider of Capital: 

Emerging Provider of Capital Source:MOFTEC, Almanac of China's Foreign Relations and Trade, as quoted in JETRO, China Data File 2002/3 (in Japanese) FDI to the World FDI to East Asia China’s FDI stock Authorized amount, end of 2001

China as a New Link: 

China as a New Link 309 Source: METI, White Paper on International Trade 2003 Total: US$B 333.1 Total: US$B 702.8

Growth of Intra-regional Trade : 

Growth of Intra-regional Trade Export Import Source: IMF, Direction of Trade Statistics Interdependence of East Asian Economies