Abstract:The conventional trade statistics cannot answer the question of “who produces for whom” and exaggerates China's trade situation. Based on the new value added trade accounting method developed by OECD and WTO, this paper calculates the export and import scales for “trade in value added”(goods and service) in China and export scale of each industry respectively by using 1995-2009 international input-output tables. This paper finds that conventional trade statistics not only overestimates the scale of China's exports and import, but also seriously distorts the exports of various industries.
Key words:
Trade in Value Added International Input-Output Tables Global Value Chain Export in Value Added Import in Value Added
source:Finance & Trade Economics ,No.7,2014