7. China’s Current Account and Exchange Rate

Chapters in this book

1. Frontmatter i
2. Relation of the Directors to the Work and Publications of the National Bureau of Economic Research vi
3. Contents vii
4. Introduction 1
5. I. Microstructure of International Trade
6. 1. The Anatomy of China’s Export Growth 35
7. 2. What Accounts for the Rising Sophistication of China’s Exports? 63
8. 3. China’s Local Comparative Advantage 109
9. 4. China and the Manufacturing Exports of Other Developing Countries 137
10. II. Macroeconomic Issues
11. 5. China’s Exports and Employment 167
12. 6. Exporting Defl ation? 203
13. 7. China’s Current Account and Exchange Rate 231
14. III. Sectoral Issues and Trade Policies
15. 8. China’s WTO Entry 281
16. 9. China’s Experience under the Multi-Fiber Arrangement (MFA) and the Agreement on Textiles and Clothing (ATC) 345
17. 10. Agricultural Trade Reform and Rural Prosperity 397
18. 11. Trade Growth, Production Fragmentation, and China’s Environment 429
19. IV. Foreign Investment and Trade
20. 12. Please Pass the Catch- Up 475
21. 13. Facts and Fallacies about U.S. FDI in China 513
22. 14. China’s Outward Foreign Direct Investment 545
23. Contributors 581
24. Author Index 585
25. Subject Index 589