| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2010: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2009: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
|
|---|
| Research Abstract |
The major results of this research are 1. China's overall trade surplus from 1994-2008 were attributed 100% to processing trade, which also determined China's bilateral trade balance with G-7 and other major trading partners ; 2. The appreciation of the Yuan would not only reduce China's processing exports but also processing imports. The overall effect of the Yuan's appreciation on China's trade balance would be limited ; in addition, the appreciation of the Yuan would affect only the value added produced in China NOT all value added embedded in "made-in-China" Products. 3 the pass-through of the Yuan appreciation is in-complete. There is no pass-through effect to the prices of Japanese imports from China ; and 4. Current trade statistic greatly inflates the bilateral trade imbalances between China and the US. Most of China's trade surplus with the US was transferred from third countries. Reforms in trade statistics are needed.
|
