O'Reilly logo

Vertical Specialization and Trade Surplus in China by Wang Wei

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

1

Introduction: Trade surplus in China – vertical specialization and related issues

Abstract:

With vertical specialization (VS), the processing trade has been flourishing in China and played a leading role in imports and exports. China’s trade surplus has become an increasing source of friction. The bilateral trade imbalances between China and its trading partners were largely determined by a comparative advantage and VS.

Key words

Vertical specialization

Trade conflict

Trade imbalance

Processing trade

Trading partner

China

US

Japan

The starting point: China’s vertical specialization trade

While China’s foreign trade has grown dramatically in the past three decades, equally dramatic changes have occurred in the trade pattern. One of the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required