[This article belongs to Volume - 54, Issue - 02]
Gongcheng Kexue Yu Jishu/Advanced Engineering Science
Journal ID : AES-09-12-2022-18

Title : CHINA’S EMERGENCE AS A DYNAMIC GIANT IN ASIA-PACIFIC REGION
Dr. Shaista Sami, Hina Sami

Abstract :

The rapid growth of China substantiated as an instrumental factor in integrating Asian countries with each other and mutually supporting rise of a dynamic Asia. From the last three decades, both Asian economies and China have experienced fully structural transformation. The economic rise of Chinese economy has a discernible effect over the Asia-pacific economies. This paper is an attempt to examine the impact of China rise in Asia-pacific region by analysing it’s trade relations and foreign direct investment. In order to achieve the objective, study used Panel OLS Regression with Random Effect Model on the basis of Hausman Test result. Econometric analysis has been done on the basis of 13 countries of this region and time period from 2006 to 2021 is taking into consideration. The results revealed that trade and outward foreign direct investment of China for Asia-Pacific region is positive and it emerges as an economic driver for growth of the region. Thus, the rise of China would be a great opportunity for Asia –Pacific countries, especially in terms of China's role in its production network, destination for investment, its outward foreign direct investment and more importantly, its huge and growing domestic market.