Now shopping mall giant (Dalian) Wanda, owned by Chinaâs richest man Wang Jianlin, and Vanke, the worldâs biggest residential real estate developer, founded by the mountaineering-loving Wang Shi, have âstunned the capital markets,â in the words of Chinese news site The Paper, by announcing a âstrategic partnership.â.
The second macroeconomic consideration of increased imports is the impact on exchange rates. As we have shown in the previous section, as U.S. consumers increase their consumption of imports, the supply of dollars in foreign exchange markets rises.
Kamada and Takagawa (2005) estimate the exchange-rate effects for the growth rate of multilateral, aggregate imports in real terms in terms of the growth rates of real GDP, of the real exchange rate, and of future exports; the estimation period is from 1994 to 2000.