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Chicago Fed Letter, No. 200, March 2004
Comrades or Competitors? On Trade Relationships between China and Emerging Asia

What are the implications of China’s economic growth for its neighboring economies? Do the mutual benefits outweigh the costs of intensifying competition in emerging Asia? Recent research on trade between Asia and the U.S., as well as among the Asian economies, highlights the changing nature of these relationships and the attendant costs and benefits for all parties.

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