2017 Trilateral economic report

Table of Contents Chapter I Economic Profile 11 I. Macroeconomic Performance of China, Japan, and ROK 11 1. China (Mr. CHEN) 11 2. Japan (Prof. SAITO) 12 3. ROK (Dr. JOO and Mr. OH) 16 II. Economic Adjustment of China, Japan, and ROK 20 1. China (Mr. CHEN) 20 2. Japan (Prof. SAITO) 21 3. ROK (Dr. JOO and Mr. OH) 22 III. Economic Prospects for China, Japan, and ROK 22 1. China (Mr. CHEN) 22 2. Japan (Prof. SAITO) 23 3. ROK (Dr. JOO and Mr. OH) 24 Chapter II Trade (Mr. CHEN) 26 I. Trade in Goods 26 1. Status and Development Trend of Goods Trade of China, Japan, and ROK 26 2. Intra-regional trade 26 3. Prospects and Forecasts for CJK Trade 30 II. Trade in Service 30 1. Service Trade within CJK 32 Chapter III Investment (Mr. CHEN) 33 I. Inward FDIs of China, Japan and ROK 33 1. China 33 2. Japan 33 3. ROK 33 II. Outward FDI of China, Japan and ROK 34 1. China 34 2. Japan 35 3. ROK 36 Chapter IV FTA (Mr. CHEN) 37 I. Current Status of FTAs of China, Japan, and ROK 37 1. China 38 2. Japan 39 3. ROK 39 II. Economic Prospects of CJK FTA 39 III. CJK FTA and other Mega FTAs in the Asia-Pacific Region 40 Chapter V Olympic Economy 41 I. Economic Impact of the Previous Olympic Games 41 1. China (Mr. CHEN) 41 2. Japan (Prof. SAITO) 42 3. ROK (Dr. JOO and Mr. OH) 48 II. Economic Prospects of Future Olympic Games 51 1. China (Mr. CHEN) 51 2. Japan (Prof. SAITO) 52 3. ROK (Dr. JOO and Mr. OH) 57 Chapter VI Policy Recommendations 61 I. China (Mr. CHEN) 61 1. Macro-economy 61 2. Olympic Economy 62 II. Japan (Prof. SAITO) 64 1. Macro-economy 64 2. Olympic Economy 65 III. ROK (Dr. JOO and Mr. OH) 68 1. Macro-economy 68 2. Olympic Economy 69

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