Mapping the World’s Winners and Losers from China Trade

In the Past Year, the U.S., Australia, and Brazil Have All Taken a Hit

on September 24, 2015

The story of China’s trade over the past half-decade or more has stayed relatively consistent: countries exporting commodities to China have seen enormous inflows of money as the country has consumed huge quantities of raw materials, while developed countries in Europe and North America have run persistent and politically contentious deficits as they consume the output of China’s factories. Over the past year and a half, however, this story has changed significantly. Commodity prices have fallen sharply, and China’s economy is slowing from its double digit growth.

Kevin Rudd

on September 24, 2015

Kevin Rudd is President of the Asia Society Policy Institute. He served as Australia’s 26th Prime Minister and as Foreign Minister. Rudd conducted a major research project on the future of U.S.-China relations at Harvard's Kennedy School. As Chair of the Independent Commission on Multilateralism, Rudd is leading a review of the U.N. system. He is a Distinguished Fellow at Chatham House in London, a Distinguished Statesman with the Center for Strategic and International Studies in Washington, and a Distinguished Fellow at the Paulson Institute in Chicago. He is proficient in Mandarin Chinese, serves as a Visiting Professor at Tsinghua University in Beijing, and co-chairs the China Global Affairs Council of the World Economic Forum.