Research Article

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

Table 7

Cumulative difference in exports due to financial crisis, China and selected countries, 2020 (%).

ChinaJapanUSEU27World’s total

Crops−10.2−27.2−5.2−13.1−8.2
Animals−9.3−27.9−13.1−16.4−13.4
Food processing−21.4−13.9−11.0−13.0−11.9
Forestry and extraction−32.6−3.4−2.6−1.3−9.8
Light manufactures−19.8−20.1−6.8−16.3−15.8
Heavy manufactures−14.2−23.0−13.8−18.2−13.6
Construction−22.1−12.6−5.3−17.8−16.5
Services−36.2−15.1−2.8−14.3−12.8