View this email in your browser [https://wiiw.ac.at/files/mailings/event-202001160908-en.html]   _in cooperation with _ [Research Centre International Economics (FIW)] [http://fiw.ac.at/index.php?id=1&L=3] Dear colleague, we cordially invite you to the following event: STRUCTURAL CHANGE IN THE CHINESE ECONOMY AND CHANGING TRADE RELATIONS WITH THE WORLD EDDY BEKKERS World Trade Organisation   THURSDAY, 30 JANUARY 2020, 3:00 PM (15:00 CET) wiiw, Rahlgasse 3, 1060 Vienna FIW-wiiw Seminars in International Economics [https://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html]   _The presentation is based on a paper_ _co-authored with Robert Koopman and Carolina lemos Rego._   This paper examines the impact of structural change in China, in particular a reduction in the savings rate, an increase in the share of skilled workers, and an increase in productivity in technologically advanced manufacturing sectors targeted by Made in China 2025. Baseline projections until 2040 are generated with the WTO Global Trade Model, a dynamic computable general equilibrium model. With the modelled structural changes the Chinese economy is projected to reorient its focus increasingly onto the domestic economy, raising the share of private household and government consumption in GDP, turning China’s trade surplus into a trade deficit, reducing China’s share in global exports, raising the share of services in both production and exports, shifting the destination markets of Chinese exports from developed to developing countries, and changing its pattern of comparative advantage away from sectors like light and heavy manufacturing to electronic and machinery equipment. The large bilateral trade surplus vis-a-vis the United States is projected to fall to almost zero.   _Paper and presentation, when available, are posted online after the seminar._ WE KINDLY ASK YOU TO REGISTER [https://wiiw.ac.at/bc-e-er-454.html] for the event. Participation is free of charge.   Best regards, Olga Pindyuk [https://wiiw.ac.at/olga-pindyuk-s-21.html] _Organiser_            Robert Stehrer [https://wiiw.ac.at/robert-stehrer-s-16.html] _Scientific Director_ wiiw The Vienna Institute for International Economic Studies Rahlgasse 3, 1060 Vienna, Austria wiiw@wiiw.ac.at, wiiw.ac.at [https://wiiw.ac.at] T: +43 1 533 66 10 [tel:+4315336610] [http://www.facebook.com/wiiw.economic.studies] [http://www.twitter.com/wiiw_news] [http://www.linkedin.com/company/vienna-institute-for-international-economic-...] [http://www.youtube.com/channel/UCyNuSfsgzgBsIf7AaH8Vk-Q] [https://wiiw.ac.at/rss.php] Copyright ©2020 wiiw, all rights reserved.