We extend the Global Projection Model to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has several unique features which differentiate it from the rest of emerging Asia. These features mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging Asia behaves.
We extend the Global Projection Model to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has several unique features which differentiate it from the rest of emerging Asia. These features mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging Asia behaves.