China Facts: China is today less exposed to the world



It is correct that China has increased its role in global trade since its accession to the WTO. Consider that 2.6% of consumption in the rest of the world is imported from China today, compared with only 0.8% in 2000. Chinese imports now acccount for 2.0% of the gross output of the rest of the world, compared with 0.4% in 2000. As recently as 2008, China's net trade surplus accounted for 8% of GDP, by 2017, that figure was only 1.7% - less than either Germany or South Korea, where net trade surpluses amount to between 5 and 8% of GDP! Fundamentally, China's exposure to the world (measured by the magnitude of flows with the rest of the world relative to its economy) has declined over the past decade. At the same time, the world's exposure to China has increased since 2000. *)   


*) McKinsey Global Institute December 2018
















Share on Facebook
Share on Twitter
Please reload

  • Facebook Basic Black
  • Twitter Basic Black
  • Black Google+ Icon
Please reload

Search By Tags:
Hans Henrik Pontoppidan
Secretary General, DCBF 
Who's Behind The Blog


Danish-Chinese Business Forum

Address: Tingskiftevej 5,

DK-2900 Hellerup

Phone: +45 33 32 97 78


CVR: 29 05 16 31

The views expressed of the authors do not necessarily represent or reflect the views of DCBF.