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The Impact of Financial Crisis on Textile Trade Pattern between China and ASEAN

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Author(s): Yanyun Zhao | Wenjing Fu | Yao Wei | Lin Chen

Journal: International Economics Studies
ISSN 2008-9643

Volume: 36;
Issue: 1;
Start page: 1;
Date: 2010;
Original page

Keywords: Inter-Industry Trade | Intra-Industry Trade | VIIT | HIIT

ABSTRACT
China and ASEAN have been maintaining a relationship both cooperative and competitive in the textile trade. Due to its labor intensive feature and high dependence on foreign trade, the textile trade has received much attention after the 2008 financial crisis. The customs data (classified by the HS code) from year 2006-2009 is employed to research the impact of the crisis on the trade pattern of textile industry as a whole and each of the 4 subfields (raw materials, textiles, clothing and textile machinery). G-L index and the export-import unit value ratio are analyzed with Brown-Mood median test, and the results show that the China-ASEAN trade pattern has not changed fundamentally. However, the trade-pattern indicators of the textile industry and the subfields, except for the machinery subfield, have been experiencing some quantitative variation in the crisis.

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Tangokurs Rapperswil-Jona

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