Research Article
Implications of the Global Financial Crisis for China: A Dynamic CGE Analysis to 2020
Table 6
Cumulative difference in real output due to financial crisis, China and selected countries, 2020 (%).
| | China | Japan | US | EU27 | World’s total |
| Crops | −4.2 | −6.3 | −5.3 | −8.5 | −6.8 | Animals | −4.7 | −14.9 | −8.4 | −12.4 | −8.9 | Food processing | −8.1 | −12.0 | −9.4 | −11.9 | −10.5 | Forestry and extraction | −3.3 | −12.2 | −6.5 | −7.9 | −6.6 | Light manufactures | −13.6 | −19.9 | −15.5 | −15.9 | −14.1 | Heavy manufactures | −4.8 | −19.8 | −16.1 | −17.4 | −11.4 | Construction | 25.0 | −28.9 | −30.0 | −26.0 | −16.0 | Services | −8.6 | −8.0 | −7.1 | −9.5 | −8.5 |
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