IMF Conference on Global Implications of China's Trade, Investment and Growth

International Monetary Fund, HQ1 Room 2-530
Washington, DC, Friday, April 6, 2007

China's emergence as a leading international investor and exporter has changed the world economy substantially. This conference, sponsored by the IMF's Research Department, will focus on China's increasingly important role as an engine of growth in Asia and China, and the nature of its tremendous growth in trade and investment over the last 20 years.

The conference is open to the public. To obtain (registration and) conference information, please send an e-mail with your name and affiliation to The deadline for public registration is Wednesday, April 4, 2007. In case the requests exceed the space available for this event, they will be processed in order they are received.

The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.


Friday, April 6, 2007
8:30-9:00 am Continental Breakfast
9:00-9:15 am Opening Remarks
Timothy Lane (Senior Advisor, Research Department, IMF)
9:15-10:45 am Patterns of Trade Expansion
  An Anatomy of China's Export Growth
Mary Amiti (Federal Reserve Bank of New York) and Caroline Freund (IMF)
Discussant: Chong Xiang (Purdue University)
  The Relative Sophistication of Chinese Exports
Peter Schott (Yale University)
Discussant: Caroline Freund (IMF)
10:45-11:15 am Coffee Break
11:15-12:45 pm Global Factors that Promote or Impede the Expansion
Chair: Mark Allen (Director, Policy Development and Review Department)
  Multinationals and the Creation of Chinese Trade Linkages
Deborah Swenson (University of California, Davis)
Discussant: Beata Javorcik (World Bank)
  China's Export Growth and the China Safeguard: Threats to the World Trading System
Chad Bown (Brandeis University) and Meredith Crowley (Federal Reserve Bank of Chicago)
Discussant: Michael Moore (George Washington University)
1:002:30 pm Luncheon (by separate invitation only)
Venue: IMF HQ1 2nd-floor Gallery

Introduction to the Luncheon Speaker: Simon Johnson, Economic Counsellor and Director of Research Department (IMF)
Luncheon Address: John Lipsky, First Deputy Managing Director (IMF)
2:30 to 4:00pm Consumption, Investment and Growth
Chair: Jonathan Ostry (Deputy Director, Research Department)
  China's Role as Engine and Conduit of Growth
Shaghil Ahmed. et. al. (Board of Governors of the Federal Reserve System)
Discussant: Jahangir Aziz (IMF/APD)
  Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China
David Dollar (World Bank) and Shang-Jin Wei (IMF)
Discussant: Francesco Giavazzi (University of Bocconi and MIT)
4:00 to 4:20 pm Coffee Break
4:20-5:50 pm Implications for Other Economies
Chair: Steven Dunaway (Deputy Director, Asia Pacific Department)
  Measuring the Vertical Specialization in Chinese Trade
Judith Dean, K.C. Fung and Zhi Wang (U.S. International Trade Commission)
Discussant: Kei-Mu Yi (Federal Reserve Bank of Philadelphia)
  Is China Changing its Stripes? The Shifting Structure of China's External Trade and Its Implications
Li Cui and Murtaza Husain Syed (IMF)
Discussant: K.C. Fung (University of California, Santa Cruz)
5:50 pm Conference Adjourns
The conference is organized by the Trade and Investment Division of the Research Department.
Conference coordinator: Zhiwei Zhang (
For help with logistics, please contact Patricia Medina: (202) 623-4619,