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LPS-EC301 World Trade and Global Finance: China's growing role

Dr Miaojie Yu, Associate Professor of Economics, China Center for Economic Research, Peking University

Course outline

China has become the largest exporter of goods in the world since 2009. International trade and exchange rate reforms play essential roles for China’s economic growth. This is a course on open-economy trade and finance. We seek to understand China’s growing role in world trade and global finance by exploring China’s dynamic evolution of foreign trade, inward and outward foreign direct investment (FDI), and exchange rate movements.

How does international trade and investment help China move from a closed and poor agrarian economy to the second-largest world economy in the last three decades? What kind of products are the most important exporting goods for China today? Does China’s outward FDI seek global resources or global markets? What kind of Chinese firms are more likely to engage in export and outward FDI? Should China be more actively to involve in ASEAN+3 FTA? Can Trans-pacific Trade Partnership (TPP) take over the role of China-Korea-Japan FTA? Can Renminbi appreciation help China to rebalance its economy and reduce the Sino-US trade deficit? Can Renminbi become an international currency in the short run?

The goal of this course is to examine several interesting topics such as trade pattern, trade policy, factor movements such as foreign direct investment and exchange rates. The first module of the course will lay out several useful theories, and the second module will apply such theories to interpret China’s current economy.

By the end of the course, you will have developed a keen interest in issues related to international trade, investment, and finance. You should be able to analyze, in an unbiased way, a wide array of important international policy issues.

Full course outline|

About the Instructor

 Miaojie-Yu_sm

Dr Miaojie Yu is currently an Associate Professor at China Center for Economic Research (CCER), National School of Development, Peking University; a consultant of Councilors’ office of State Council of China; an advisor to Ministry of Finance, China, and a visiting research fellow of International Center of Chinese Studies (ICCS) at Aichi University, Japan. He received his Ph.D. in economics from University of California, Davis (2005) under the direction of Dr. Robert Feenstra.

Dr Yu’s research field includes international trade and the Chinese economy. He is an associate editor of China Economic Journal. He is a co-editor of the English academic book “China’s Role in the World Economy” published by Talyor & Francis. He has twice won the National Anzijie International Trade Research Award, the highest research award for international trade research in China. His dissertation won the “Humanity Research Award” in UC-Davis in 2004.

His current research interests include international political economy of trade, firm heterogeneity and trade, credit constraints, and the Chinese economy. 

 

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