1. China and East Asia November 2015 Yung Chul Park Korea University

2. Table 1. Trade with China

3. Table 2. Trade Balance with China (% of GDP)

4. Table 3. Bilateral Currency Swap Agreements by China (Continued) NumberCountry Amount (RMB Billions) Date 1Belarus2011-Mar-2009 2Argentina702-Apr-2009 3New Zealand2518-Apr-2011 4Uzbekistan0.719-Apr-2011 5Kazakhstan713-Jun-2011 6South Korea 36026-Oct-2011 (180)(12-Dec-2008) 7Hong Kong 40022-Nov-2011 (200)(20-Jan-2009) 8Thailand7022-Dec-2011 9Pakistan1023-Dec-2011 10 United Arab Emirates 3517-Jan-2012 NumberCountry Amount (RMB Billions) Date 11Malaysia 1808-Feb-2012 (80)(8-Feb-2009) 12Turkey1021-Feb-2012 13Mongolia 1020-Mar-2012 (5)(6-May-2011) 14Australia20022-Mar-2012 15Ukraine1526-Jun-2012 16Singapore 3007-Mar-2013 (150)(23-Jul-2010) 17Brazil19026-Mar-2013 18United Kingdom20022-Jun-2013 19Hungary109-Sep-2013 20Iceland3.5 11-Sep-2013 (9-Jun-2010)

5. Table 3. Bilateral Currency Swap Agreements by China (Continued) NumberCountry Amount (RMB Billions) Date 21Albania212-Sep-2013 22Indonesia100 1-Oct-2013 (23-Mar-2009) 23 European Central Bank 3509-Oct-2013 24Switzerland15014-Jul-2014 25 Sri Lanka1016-Sep-2014 26 Qatar353-Nov-2014 27 Canada2008-Nov-2014 28 Suriname118-Mar-2015 29 South Africa3010-Apr-2015 30 Chile2225-May-2015 Total3,016.2 Note: The numbers in the parenthesis refer to initial swaps and the date. Source: People’s Bank of China.

6. Table 4. Bilateral Currency Swap Agreements with East Asia by China NumberCountry Amount (RMB Billions) Date 1South Korea 36026-Oct-2011 (180)(12-Dec-2008) 2Thailand7022-Dec-2011 3Malaysia 1808-Feb-2012 (80)(8-Feb-2009) 4Singapore 3007-Mar-2013 (150)(23-Jul-2010) 5Indonesia100 1-Oct-2013 (23-Mar-2009) Total 1,010.0 (33.5%)* Note: The numbers in the parenthesis refer to initial swaps and the date. * The share of the entire BSA amount by China Source: People’s Bank of China.

7. Table 5. RMB and East Asia Currencies (2005/1~2014/11/15) IndonesiaKoreaMalaysiaPhilippinesSingaporeTaiwanThailand Variables(Rupiah/US$)(Won/US$)(Ringgit/US$)(Peso/US$)(S$/US$)(NT$/US$)(Baht/US$) Δx(-1)-0.0150.008-0.0150.011-0.064**0.007-0.054*** (-0.783)(0.407)(-0.194)(0.529)(-3.308)(0.340)(-2.791) Δx(-2)-0.033-0.010-0.0020.016-0.0210.0230.0954*** (-1.635)(-0.513)(-0.085)(0.789)(-1.079)(1.177)(4.979) ΔRMB0.590***0.711***0.809***0.416***0.708***0.050***0.510*** (5.631)(4.801)(11.704)(5.804)(10.915)(11.019)(8.918) Δyen-0.042**-0.159***-0.045***-0.073***0.068***0.008***0.085*** (-2.492)(-6.599)(-4.070)(-6.455)(6.496)(3.448)(9.220) D-W2.0132.0022.0192.0322.0122.0152.024 R20.0160.0270.0550.0280.0670.0550.077 Source: Author's Estimations

8. Table 6. East Asia Currencies Movement