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Wiley InterScience | ||||||||||||
  China & World EconomyVolume 14 Issue 5, Pages 1 - 19 Published Online: 28 Sep 2006 © 2010 Institute of World Economics and Politics, Chinese Academy of Social Sciences
Abstract | References | Full Text: PDF (Size: 334K) | Related Articles | Citation Tracking  What's So Special about China's Exports? This is a paper prepared for the project on "China and the Global Economy 2010" of the China Economic Research and Advisory Program. I am indebted to Edwin Lim for his guidance and comments, and to the Program for financial support. Comments from Yu Yongding and Adrian Wood have also been very helpful. Oeindrila Dube performed superb research assistance. Copyright The official journal of The Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS) 2006 KEYWORDS China export • comparative advantage • consumer electronics • trade pattern Abstract
Much more than comparative advantage and free markets have been at play in shaping China's export success. Government policies have helped nurture domestic capabilities in consumer electronics and other advanced areas that would most likely not have developed in their absence. As a result, China has ended up with an export basket that is significantly more sophisticated than what would be normally expected for a country at its income level. This has been an important determinant of China's rapid growth. What matters for China's future growth is not the volume of exports, but whether China will continue to latch on to higher-income products over time. (Edited by Xiaoming Feng) | 
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