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Structural Changes in China's Import and Implications for the Korean Economy

In the past, China sought economic development by boosting its processing trade based on its abundant labor power, and implemented various preference policy to attract foreign direct investment (FDI). However, a rise in negative influences led the Chinese government to implement a control policy on the processing trade after the mid-2000s, which is why the growth rate of processing imports has gradually slowed down. Changes in Chinas growth strategy and economic structure are influencing Chinas import structure, and Korea, 26% of whose exports depend on China, need to reestablish its export strategy to China by accurately understanding structural changes in Chinas imports. According to the analysis results, while Chinas import structure is rapidly shifting to a focus on general trade and consumer goods, Korea is maintaining an export structure focused on processing trade and intermediary goods. However, the swift enhancement of the industrial structure and technology innovation in China calls for a need to reestablish Koreas structure and strategy of export to China by adjusting to structural changes in Chinas import in the long term.
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공공누리 OPEN / 공공저작물 자유이용허락 - 출처표시, 상업용금지, 변경금지 공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형

대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조

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