FROM TRUMP RHETHORIC TO THE REALITIES OF CHIMERICA BRICS Seminar, Departamento de Economia UAM, Azcapotzalco, June 8, 2017 Guilhem Fabre, Université Paul Valery, Montpellier 3
MAOTRUMP
US DEFICIT IN TRADE OF GOODS WITH CHINA: 2001-2016
US TRADE BALANCE WITH CANADA, MEXICO, CHINA & RoW, 2002-2015
US TRADE BALANCE IN GOODS & SERVICES AS PERCENT OF GDP, 2000-2016
CONTRIBUTION TO GLOBAL GDP GROWTH: CHINA, EU, US RoW, 2000…
CHANGES IN US-CHINA ECONOMIC RELATIONSHIP AFTER THE 2008 GFC
US TRADE WITH CHINA 1999-2014
TOP TEN US IMPORTS/ COUNTRY 2014
TOP TEN US EXPORTS BY COUNTRY 2014
US JOBS SUPPORTED BY US EXPORTS 2015
REAL GROWTH RATE OF PER CAPITA HOUSEHOLD INCOME, CHINA & OECD
CHINA’s SHARE OF GLOBAL MANUFACTURING: 1990-2012
US SHARE OF GLOBAL MANUFACTURING, 1970-2015
MANUFACTURING OUTPUT SINCE 1970 : TOP FIVE COUNTRIES IN 2014
CHINA AS THE WORLD’S FACTORY 1991-2012 = Rise of Chinese global share of manufacturing : from 4,1 to 24 % 1991-2013 : Rise of Chinese global share of manufacturing exports: from 2,3 to 18,8 % EFFECTS ON GLOBAL MANUFACTURING SUPPLY POSITIVE EFFECTS ON COMMODITIES : LATIN AMERICA
COMMODITY PRICES SINCE CHINESE ECONOMIC SLOWDOWN IN 2012
CHINA’s SLOWDOWN & IMPACT ON COMMODITY PRICES: 2012-2016
US JOBS DISPLACED BY THE TRADE DEFICIT WITH CHINA SINCE 2001
WALMART’S SHARE OF JOBS LOST
Effect of a $1000 per worker increase in imports from China on U. S Effect of a $1000 per worker increase in imports from China on U.S. govt. tranfers
US INTRA-FIRM TRADE: 2014
CHINA PROCESSING EXPORTS AS SHARE OF TOTAL EXPORTS 1995-2017
CHINA’s SHARE OF US IMPORTS: TOP FOUR CATEGORIES, 2003-2017
MANUFACTURING TRADE NET OF PROCESSING IMPORTS, 1996-2017
GLOBAL SUPPLY CHAINS I-Phones 5 & 6
U.S EMPLOYMENT OF FOREIGN AFFILIATES BY MAJOR REGIONS, 2000-2014
SALES DESTINATION OF FOREIGN AFFILIATES OF U.S. MNCs, 2014
U.S. MULTINATIONALS’ SALES IN CHINA
INWARD & OUTWARD STOCK OF FDI BY MAJOR REGION & COUNTRY, 2015
STOCK OF FDI BY COUNTRY, 2014
RATIO OF OUTBOUND FDI TO GDP 2014
RATIO OF FDI STOCK in U.S. TO GDP 2015
FDI STOCKS IN THE US, BY COUNTRY 2015 : CHINA = - 1%
CHINESE FDI TRANSACTIONS IN THE U.S. BY INDUSTRY, 2000-2016
MARKET CAPITALIZATION OF US-LISTED CHINESE COMPANIES. BY INDUSTRY, 2016
CHINA = 55% OF GLOBAL SEMICONDUCTOR MARKET 2014
CHINA : 96th in EASE OF DOING BUSINESS RANKING . 2013