Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298855 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
CFS Working Paper Series No. 721
Publisher: 
Goethe University Frankfurt, Center for Financial Studies (CFS), Frankfurt a. M.
Abstract: 
Some observers warn that a high level of economic dependence on China could negatively affect the economic resilience of Western economies and therefore recommend reducing such dependence by gradually decoupling from China. On the other hand, industry leaders emphasise the economic importance of China and warn against any kind of trade conflicts. Against this background, we briefly analyse the development of China's export strategy. We find that the export intensity of the Chinese economy is diminishing and that exports are becoming more diversified overall. In addition, the relative importance of the United States and the European Union as export markets has been reduced, indicating a gradual decoupling of China from Western economies. Conversely, we find that exports to China have become more important, both for the EU and the United States. Although the figures remain at a non-critical level, Europe's export activities could be more diversified as well.
JEL: 
F01
F14
O1
O53
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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