| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21089 |
| 来源ID | Working Paper 21089 |
| Chinese Outwards Mercantilism \u2013 the Art and Practice of Bundling | |
| Joshua Aizenman; Yothin Jinjarak; Huanhuan Zheng | |
| 发表日期 | 2015-04-13 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The Global Financial Crisis (GFC) brought to the fore the limits of the Chinese export led-growth strategy and the need for Chinese rebalancing of its international business approaches. Our paper takes stock of what may be the new chapter of Chinese outward-mercantilism, which aims at securing a higher rate of returns on its net foreign asset position, leveraging its success in manufacturing exports, natural resource imports and RMB internationalization. Using micro-level project data and macroeconomic covariates, we find positive association of Chinese trade and financial flows with China’s outward direct investment (ODI). The relationship is stronger for ODI originated from the Chinese state-owned enterprises, and strengthened by the provision of RMB swap-line agreements with China’s trading partners. The evidences support the conjecture that Chinese ODI is bundled to trade and financial linkages with its investment and trading partners. |
| 主题 | International Economics ; International Macroeconomics ; Development and Growth |
| URL | https://www.nber.org/papers/w21089 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578764 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Yothin Jinjarak,Huanhuan Zheng. Chinese Outwards Mercantilism \u2013 the Art and Practice of Bundling. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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