Browsing by Author "Fung, K. C."

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  • Fung, K. C.; Garcia-Herrero, Alicia; Seade, Jesús (2015)
    BOFIT Policy Brief 5/2015
    In this paper, we highlight three characteristics of China-Latin American economic relations. China-Latin American economic relationships are asymmetric, comparative-advantage driven and motivated by both political and economic considerations. There are several co-operative measures on which China and Latin America can focus. China can be encouraged to invest not only in mining in Latin America but also in infrastructure and manufacturing facilities. China and Latin America can deepen their Trans-Pacific production network. Utilizing the advantages of being close to and in the same time zone as the U.S. market, this pan China-Latin America supply chain can be a potent supplier and exporter to the United States.
  • Fung, K. C.; Hwang, Hsiang-Chih; Ng, Francis; Seade, Jesús (2013)
    BOFIT Online 1/2013
    Abstract 3 1 Introduction 4 2 Chinese trade in parts and components 5 3 Indian and South Asian trade in parts and components 7 4 Conclusion 9 Reference 10
  • Dean, Judith; Fung, K. C.; Wang, Zhi (2009)
    BOFIT Online 5/2009
    In this decade, China's foreign trade has increased rapidly and the share of high-technology goods in China's exports has become outstanding. These developments are partly related to processing trade that reflects the global production fragmentation. This paper discusses the role of processing trade in China by using a concept of vertical specialization (VS). The paper explains approaches to estimate vertical specialization and evaluates the findings of recent research in this field. It seems evident that processing trade has played a major role behind the fast growth of Chinese exports and the increase of high-tech goods in its exports. Moreover, recent research seems to imply that China's and much of Asia's exports are still heavily dependent on American and European consumers and, consequently, exports are not de-coupled from the final demands in the United States or Europe. Key words: China, vertical specialization, foreign trade, processing imports