{
  "title": "Investment-Led Growth in China: Global Spillovers",
  "publication": "IMF Working Papers, November 6, 2012",
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  "summary": "Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially.\n- 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.\n- The impact of an investment slowdown on global growth is about five times larger than in 2002.\n- The spillover effects register strongly across a range of macroeconomic, trade, and financial variables among G20 trading partners."
    },
    {
      "heading": "Economies most vulnerable",
      "content": "- Regional supply chain economies tied to China’s production networks face growing risks from a deceleration in investment in China.\n- Commodity exporters with relatively less diversified economies are particularly vulnerable to an investment slowdown in China."
    },
    {
      "heading": "Scope and emphasis",
      "content": "- The note quantifies potential global spillovers from an investment slowdown in China, emphasizing effects on global growth, trade, and financial variables.\n- Subject areas covered include: Commodities, Economic sectors, Exports, Imports, Industrial production, International trade, Manufacturing, Production.\n\nInvestment-Led Growth in China: Global Spillovers — By Ashvin Ahuja, Malhar S Nabar, November 6, 2012\n\n---\n\n Content in this bundle\n\n- wp12267 — Appendix B\n  - wp12267 — Appendix B (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp12267 — Appendix B (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/investment-led-growth-in-china-global-spillovers-40086"
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    "Authors: Ashvin Ahuja, Malhar S Nabar",
    "Published: November 6, 2012",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475556414.001",
    "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.",
    "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.",
    "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.",
    "**_wp12267 — Appendix B**"
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