The bulk of Asia’s exports runs through, rather than to, the People’s Republic of China, leaving the region more exposed to downturns and anti-trade sentiments in developed countries than to a domestic slowdown in China.

Governments should promote domestic growth and trade within Asia to lessen that exposure, economists argue in a new book by the Asian Development Bank Institute, Slowdown in the People’s Republic of China, Structural Factors and the Implications for Asia.

Peter Morgan, co-chair of the research department at ADBI and one of the editors of the book, explains the conclusions of a paper by Willem Thorbecke of Japan’s Research Institute of Economy, Trade and Industry.

Read the transcript

https://bit.ly/2KO2jD0

Read the book

https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia

About the author

Willem Thorbecke is a senior fellow at Japan’s Research Institute of Economy, Trade and Industry.

About the book editors

Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute

Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China.

Guanghua Wan is director of the Institute of World Economy, Fudan University, China.

Know more about ADBI’s work on PRC

https://bit.ly/2vVC0Yi

https://bit.ly/2vQ3fDf