The reception of the ban on Chinese export duties

The sudden and abrupt rise of COVID-19 became a challenge for the world economy. In this paper, we investigate the changes in a trend of mutual trade between the EU-15 countries and China during the demanding times of the COVID-19 crisis. We use monthly data for Chinese exports to the E.U. (2018:01–2020:05) and imports from the E.U. (2018:01–2020:07) relying on the data from the open-source TradeMap developed by the International Trade Centre UNCTAD/WTO (ITC). Overall, there is an obvious decline of 13–32 percent in worldwide trade as predicted by the WTO. This affected China as the main trading partner of electronic devices and medical supplies. The trade between the E.U. and China has decreased, but the major change in demand brought an alteration in commodities structures and the reorientation of Chinese export production. In the first five months of 2020, we witnessed the strong engagement of the Chinese economy in the production of goods newly in high demand—mainly articles strongly related to healthcare and medical equipment. Thus, we have observed that the Chinese were very flexible in changing the structure of their exports triggered by the COVID-19 crisis. This flexibility is worth further exploration, especially because the COVID-19 crisis is still not over and new data and changing results can be expected.

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The bankruptcy prediction study under the financial crisis: The case of Chinese export-oriented enterprises

2010 2nd IEEE International Conference on Information and Financial Engineering ◽

10.1109/icife.2010.5609307 ◽

2010 ◽

Author(s):

Qin Zheng ◽

Chen Yanjun

Keyword(s):

Financial Crisis ◽

Bankruptcy Prediction ◽

Chinese Export

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The influence of USD/CNY foreign exchange rate, RMB NEER and spatial effects on China’s foreign trade

China Finance Review International ◽

10.1108/cfri-09-2014-0067 ◽

2016 ◽

Vol 6 (3) ◽

pp. 304-318 ◽

Cited By ~ 1

Author(s):

Hua Wang ◽

Junjun Zhu

Keyword(s):

Exchange Rate ◽

Foreign Exchange ◽

Export Trade ◽

Content Type ◽

Spatial Panel ◽

Panel Model ◽

Chinese Export ◽

Import And Export ◽

Spatial Panel Model ◽

Percent Decline

Purpose – The purpose of this paper is to analyze the influence of different forms of RMB foreign exchange rates on Chinese foreign trade. Design/methodology/approach – This paper constructed spatial panel model and Markov Chain Monte Carlo estimation method and collected the data of 25 countries’ (including China) quarterly macroeconomic data from first quarter of 1993 until third quarter of 2013 to conduct the data analysis. Findings – This paper finds that USD/CNY, which is widely used in trade settlement, is more significant in effecting Chinese export. Totally, 1 percent appreciation of CNY against USD will lead to 1.532 percent decline of Chinese export, while 1 percent appreciation of CNY NEER only 0.42 percent. What is more, 1 percent increases of the volatility of USD/CNY results in 0.579 percent decline of Chinese export. As policy suggestions, we should further reform the foreign exchange derivative market in China, and provide more currency derivatives, so that the ability of Chinese economy to deal with foreign exchange risk could be improved. Research limitations/implications – Effect of exchange rate on imports and exports relates to the future direction of China’s exchange rate policy. This paper claims that China should accelerate the construction of foreign exchange derivatives market, improving the ability to respond quickly to foreign currency risk. Practical implications – First, denominated exchange rate has more significant impact on the Chinese export trade to other countries than effective exchange rate. Second, the RMB exchange rate fluctuations also significantly affect the export trade. Third, China’s import and export trade have significant spatial effect. Social implications – This paper recommends the construction of the RMB currency futures market as soon as possible, providing a richer foreign exchange derivatives and other risk hedging instruments, thus to enhance the ability to respond to exchange rate risks. Originality/value – This paper uses spatial panel model with the refined data to study various factors on the import and export trade, and thus more comprehensive analysis on the impact of the exchange rate on the import and export trade with other major countries.

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Implications of ‘Greening’ the WTO ban on Chinese export duties

Environmental Protection, China and International Trade ◽

10.4324/9781003162339-12 ◽

2021 ◽

pp. 211-222

Author(s):

Fengan Jiang

Keyword(s):

Chinese Export

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A New Method for Computing Letter of Credit Risks

SAGE Open ◽

10.1177/2158244020970214 ◽

2020 ◽

Vol 10 (4) ◽

pp. 215824402097021

Author(s):

Cheng Zhang ◽

Ni Hu

Keyword(s):

Factor Analysis ◽

Quantitative Method ◽

Credit System ◽

Letter Of Credit ◽

Credit Risks ◽

Confirmatory Factor ◽

System Risk ◽

Chinese Export ◽

Main Factors ◽

And Control

This study targets problems in the risk assessment and control processes of letter of credit settlements for Chinese export enterprises. It applies the quantitative method of exploratory factor analysis to extract the main factors and uses a confirmatory factor analysis to test the validity these constructs. VENSIM software is used to design the system dynamics causal tree and flowchart of the letter of credit system. The equation sets of DANAMO parameters are then constructed using the software. Finally, through analysis of the system risk fluctuation diagram with system simulation, it offers enterprises advice on how to identify potential risk points to prevent and control letter of credit risks in advance.

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