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Wei Tian
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Journal Articles
Publisher: Journals Gateway
Asian Economic Papers 1–23.
Published: 19 September 2024
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In this paper, we offer a comprehensive survey of the latest research regarding the pass-through of tariffs during the trade war between China and the United States, with an emphasis on the investigations conducted from the Chinese perspective. While one might anticipate symmetric effects on both the United States and China, these nations exhibit substantial disparities in terms of trade structure and policy. We underscore two salient concerns that have been largely neglected in extant literature: (1) the exemption of processing imports from retaliatory tariffs in China, which may engender biased estimations of pass-through at the product level, and (2) the heterogeneous distribution of retaliatory tariffs across product classifications, firm ownership structures, and geographical regions, necessitating more granular estimations at the firm level. Furthermore, we provide a detailed description of firm import tariffs, emphasizing the crucial role of tailored policies in mitigating the repercussions of the trade conflict.
Journal Articles
Publisher: Journals Gateway
Asian Economic Papers (2023) 22 (1): 11–32.
Published: 08 April 2023
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Based on highly disaggregated customs data from 2016–19, this paper investigates the impact of the China–U.S. trade war on the exports of Chinese firms, from the perspective of the extensive margin of product scope. The paper finds that the rise in U.S. import tariffs during the trade war led to Chinese exporters concentrating on production of their core products and shrinking their export scope. Higher import tariffs resulted in an average 2.43 percent decline in export scope and an average 1.25 percent increase in the export share of core products. The damage was particularly pronounced for intermediate products and heterogeneous products, which is consistent with the high duties. The paper provides direct evidence on the harm to export diversification caused by the China–U.S. trade war, suggesting a welfare loss from the decrease in product variety, as emphasized in the literature. This result holds after controlling for factors such as production cycles and heterogeneity.
Journal Articles
Publisher: Journals Gateway
Asian Economic Papers (2021) 20 (1): 75–101.
Published: 24 April 2021
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The COVID-19 pandemic has swept across China and the world, causing more than 30 million infections and incalculable damage. China was seriously damaged and threatened by the disease in the first quarter of 2020, but finally succeeded in halting its spread in a short period. This was achieved through quick and strong measures in self-protection, mobility control, resource allocation, professional health care, and disinfection, under the organization of the government and the cooperation of all the Chinese people. The measures that were taken to prevent the spread of COVID-19 proved to be efficient in fighting the outbreak in Beijing in June 2020. This paper reviews China's experience with COVID-19, the Chinese economy's performance during the pandemic, and the government's policies to protect lives, maintain markets, and promote the economy. The data show that strong monetary and fiscal policies accelerated the country's economic recovery. These policies, including tax reductions and credit support, targeting small- and medium-size enterprises (SMEs) and industries and regions that were severely damaged, have helped to create jobs and encourage production and investment.