China's export prospects: Fear of the dragon | The Economist - 0 views
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China’s growing market share is that the government in Beijing has kept its currency weak
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Nick de Jonge on 07 Jan 10China is aware of the situation / on purpose?
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Lower incomes encouraged consumers to trade down to cheaper goods, and the elimination of global textile quotas in January 2009 allowed China to increase its slice of that market
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China might grab around one-quarter of world exports within ten years.
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Its exporters were badly hurt by the sharp rise in the yen—by more than 100% against the dollar between 1985 and 1988—and many moved their factories abroad, some of them to China.
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An IMF working paper published in 2009 calculated that if China remained as dependent on exports as in recent years, then to sustain annual GDP growth of 8% its share of world exports would rise to about 17% by 2020.
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higher-value product
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future export growt
