Research Article

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

Table 5

Cumulative difference in selected macroeconomic variables, financial crisis relative to 2020 baseline in China and selected countries (%).

Real GDP in 2010Real GDP in 2020InvestmentReal exportsReal importsChange in trade balance (US$b)

China−8.5−6.727.6−20.1−10.1−222.5
Japan−10.4−10.5−32.5−20.6−13.715.6
US−9.1−9.9−38.4−8.5−18.3388.8
EU27−10.0−12.1−29.7−16.2−15.8286.9