While shanghai is rapidly becoming a well-connected global city-region, its main limitation is9/21/2023 ![]() ![]() China’s global scale in services trade is not as significant as in goods. China has a disproportionately high impact on specific regions (particularly those close by) and sectors, notably those with globally integrated technology chains, and resource-exporting sectors for which China is a big market. However, trade exposure to China varies substantially by region and sector. In an analysis of 186 countries, China is the largest export destination for 33 countries and the largest source of imports for 65. China’s share of global goods trade increased from 1.9 percent in 2000 to 11.4 percent in 2017. ![]() China became the world’s largest exporter of goods in 2009, and the largest trading nation in goods in 2013. China has without doubt become a major global player in trade as a supplier and as a market. We note that this analysis builds on MGI’s earlier research on shifting global value chains, which discussed the “new China effect” driving global demand growth and reaching a new level of industry maturity.ĭownload the full report in Mandarin (PDF–4.3MB)ĭownload the executive summary in Mandarin (PDF–2.9MB) Finally, the research offers thoughts about how businesses could respond to a new era of uncertainty. The research establishes evidence of a shift in the mutual exposure of China to the rest of the world, and vice versa, and estimates the value that could be at stake from more or less engagement. Could we be at peak integration between China and the world after the years of deepening ties? Conversely, what opportunities could more engagement offer? What value could be at stake for all players?Ĭhina and the world: Inside the dynamics of a changing relationship (PDF–4.2MB) examines the state of China’s integration with the world on eight dimensions, concluding that while China has achieved scale this has not always translated into global integration. Trade disputes are making daily headlines, new rules are emerging to evaluate technology flows, protectionism is on the rise, and geopolitical tensions are becoming more heated. Accompanying this shifting exposure are the signs of stresses in the relationship. ![]() The McKinsey Global Institute’s (MGI) new China-World Exposure Index shows that the world’s relative exposure to China has increased, while China’s to the world has fallen. The relationship between China and the world now is changing. ![]()
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