China’s Monetary Policy and the Eurozone

China has become a global economic power and an active participant in global value chains. Nonetheless, the economic relationship between China and other countries, for instance the transmission of its monetary policy shocks across borders, remains to be explored by the literature. We are interested in studying the spillovers of China’s monetary policy via international trade and multinational linkages. The research complements current studies which focus on the international spillovers of US monetary policy. The specific features of China’s monetary policy allow us to empirically identify its spillovers to France for which firm-level custom and multinational data are available. This contributes to our understanding of the international presence and influence of China.