The Global Economic Crisis and China's Foreign Trade

Liu, Weidong; Pannell, Clifton W.; Liu, Hongguang

doi:10.2747/1539-7216.50.5.497

Cited by 23 publications

(14 citation statements)

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…At that stage, exports seemed fully recovered, while imports remained below the average 2007/early 2008 value. Therefore, it is believed that exports performed better than imports under the impact of the GEC (Liu et al 2009). …”

Section: Overview Of Sino-japan Trade During the Gec And Teqmentioning

confidence: 97%

“…1 shows, in March 2011, the export value experienced a significant decline, returning to the January 2011 level. The regular drops in January/ February have been attributed to the long Spring Festival (Chinese New Year) holiday (Liu, Pannell, and Liu 2009). In the months following the TEQ, export volume exhibits a clear downward trend, falling to 1.0 trillion yen in December 2011 and 0.9 trillion yen in December 2012: lower than the comparable pre-GEC periods in 2006 and 2007, and in fact even lower than the value recorded immediately post-GEC in 2010.…”

Section: Overview Of Sino-japan Trade During the Gec And Teqmentioning

confidence: 98%

“…It is important to analyze how disaster impacts cross boundaries and transmit from one (sub-) system/network to another and how the socioeconomic systems can respond. The traditional direct and indirect economic modeling of disaster impacts (Baade et al 2007;Okuyama and Chang 2004;Rose et al 2002) are recently being supplemented by crossboundary issues, such as impacts on wages, employment, and the economy of adjacent or related regions (De Silva et al 2010;McIntosh 2008), and interregional transportation and trade (Tatano and Tsuchiya 2008;Okuyama et al 2002;Okuyama 2010;Liu et al 2009). Nevertheless, further research is needed to better understand the mechanism of networked risks.…”

mentioning

confidence: 97%

“…For example, natural catastrophes such as the 2004 Indian Ocean tsunami, the 2005 earthquake in Pakistan, Hurricane Katrina in the United States in 2005, and the 2011 Tohoku Earthquake and Tsunami in Japan affected individuals across national boundaries and required a transnational response (Munro 2006). The recent global economic crisis that originated in the United States in 2007 and spread worldwide with long-lasting impacts is a good example of a trans-boundary catastrophe (Jones et al 2010;Liu et al 2009). …”

mentioning

confidence: 99%

See 3 more Smart Citations

Impacts of the global economic crisis and Tohoku earthquake on Sino–Japan trade: a comparative perspective

Shi

et al. 2014

Nat Hazards

View full text Add to dashboard Cite

The increasingly globalized and networked world coupled with enlarging spatial scope and severity of natural and man-made hazards are leading to significant crossboundary impacts. It has not been adequately addressed that how those impacts transmit from one (sub-) system/network to another and how the socioeconomic systems respond. This paper examines the impact of the global economic crisis and the Tohoku earthquake on Sino-Japan trade based on trade data released by the Japanese Ministry of Finance. Our time series analysis model shows that in the short term, the economic crisis has an impact of 66 % larger than that of the earthquake. The impact of economic crisis is more acute and deep due to the collapse of consumers' and investors' confidence, but for the earthquake, it is more gradual as the impact spreads via production chain and supply chain across industries and regions. The pattern implies critical difference in disaster risk reduction strategies for the two types of catastrophes.

show abstract

Section: Overview Of Sino-japan Trade During the Gec And Teqmentioning

confidence: 97%

Section: Overview Of Sino-japan Trade During the Gec And Teqmentioning

confidence: 98%

mentioning

confidence: 97%

mentioning

confidence: 99%

See 2 more Smart Citations

Impacts of the global economic crisis and Tohoku earthquake on Sino–Japan trade: a comparative perspective

Shi

et al. 2014

Nat Hazards

View full text Add to dashboard Cite

show abstract

“…The existing geographical and development studies literature on Chinese trade has paid some attention to China's trade with her main trading partners (Chou, Chen, & Mai, 2009;Lall & Albaladejo, 2004;and Liu, Pannell, & Liu, 2009). Most attention has been paid however to the US rather than the EU.…”

Section: Introductionmentioning

confidence: 99%