Research Article
Implications of the Global Financial Crisis for China: A Dynamic CGE Analysis to 2020
Table 5
Cumulative difference in selected macroeconomic variables, financial crisis relative to 2020 baseline in China and selected countries (%).
| | Real GDP in 2010 | Real GDP in 2020 | Investment | Real exports | Real imports | Change in trade balance (US$b) |
| China | −8.5 | −6.7 | 27.6 | −20.1 | −10.1 | −222.5 | Japan | −10.4 | −10.5 | −32.5 | −20.6 | −13.7 | 15.6 | US | −9.1 | −9.9 | −38.4 | −8.5 | −18.3 | 388.8 | EU27 | −10.0 | −12.1 | −29.7 | −16.2 | −15.8 | 286.9 |
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