Investment-Led Growth in China: Global Spillovers
IMF Working Papers, November 6, 2012
Source details
- Canonical URL
- Investment-Led Growth in China: Global Spillovers
Other formats
Bibliographic details
- Authors: Ashvin Ahuja, Malhar S Nabar
- Published: November 6, 2012
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475556414.001
Key findings
- Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially.
- A one percentage point slowdown in investment in China is associated with a reduction of global growth of just under one-tenth of a percentage point.
- The impact of an investment slowdown on global growth is about five times larger than in 2002.
- The spillover effects register strongly across a range of macroeconomic, trade, and financial variables among G20 trading partners.
Economies most vulnerable
- Regional supply chain economies tied to China’s production networks face growing risks from a deceleration in investment in China.
- Commodity exporters with relatively less diversified economies are particularly vulnerable to an investment slowdown in China.
Scope and emphasis
- The note quantifies potential global spillovers from an investment slowdown in China, emphasizing effects on global growth, trade, and financial variables.
- Subject areas covered include: Commodities, Economic sectors, Exports, Imports, Industrial production, International trade, Manufacturing, Production.
Investment-Led Growth in China: Global Spillovers — By Ashvin Ahuja, Malhar S Nabar, November 6, 2012
Content in this bundle
- _wp12267 — Appendix B