Yulia Slavina

Richard Baldwin: OECD data show cars not main driver of China output surge

Richard Baldwin: OECD data show cars not main driver of China output surge
OECD data show China output led by sectors

Recently released OECD data indicate that cars are not the largest contributor to China’s output surge since 2021. Instead, sectors such as electrical equipment, electronics, machinery, chemicals, and steel each contributed more to the increase in output.

Richard Baldwin raised questions about whether Europe’s China problem was fixed by a recent car deal and whether more managed trade is needed.

Baldwin previously highlighted OECD data showing China's manufacturing volume has risen even as its value share declined, according to a recent article. He has also written on fiscal policy, suggesting the U.S. could improve its debt-to-revenue ratio by adopting a value-added tax in a separate analysis. These observations frame ongoing discussions about the impact of recent trade developments.

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