摘要
The Chinese economy is slowing down and is in the midst of a structural transJormattonfrom export-led and investment-led growth to domestic demand-led and consumption-ledgrowth. While there are widespread concerns among China＇s trading partners about theeffect of the slowdown in China＇s growth on their exports, China＇s structural changes arealso likely to have a significant impact：for example, China will import fewer machinesand more cosmetics. The central objective of the present paper is to empirically examinethe effect of China＇s structural transformation on the exports of East Asian economies,which have close trade linkages with China. We find that economies that have failed toincrease the share of consumption goods in their exports to China have suffered largerdeclines in their quantities of exports to China. In addition, economies that have sufferedlosses in their shares of China＇s parts and components imports have faced reductions intheir shares in China ＂s total imports.
