Research Article

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

Table 8

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

ChinaJapanUSEU27World’s total

Crops−10.3−4.0−7.6−4.3−7.2
Animals−15.9−1.3−2.3−10.3−10.4
Food processing0.7−10.4−7.7−11.8−11.2
Forestry and extraction−4.3−13.7−12.5−13.9−11.3
Light manufactures−9.5−20.1−23.7−19.2−16.8
Heavy manufactures−11.4−11.8−13.9−14.7−12.8
Construction−5.9−33.6−41.7−26.0−12.0
Services6.9−11.1−14.8−13.0−12.3