Research Article

Implications of the Global Financial Crisis for China: A Dynamic CGE Analysis to 2020

Table 10

Cumulative difference in output, extended financial crisis relative to financial crisis, China and selected countries, 2020 (%).

ChinaJapanUSEU27World’s total

Crops−0.6−0.4−1.1−1.7−1.6
Animals−1.0−1.2−1.7−2.6−2.2
Food processing−1.6−1.7−1.9−2.5−2.5
Forestry and extraction−0.5−0.8−1.1−1.6−2.1
Light manufactures−2.54.4−0.9−3.0−2.4
Heavy manufactures−1.62.4−1.5−3.4−2.3
Construction3.6−2.0−0.7−2.6−2.0
Services−2.2−1.8−1.9−2.9−2.8