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Journal Article
China's emergence as a manufacturing juggernaut: Is it overstated?
China's emergence as a manufacturing juggernaut selling so many goods to so many countries has attracted enormous attention from academics, policymakers, and the media. In this article, Behzad Kianian and Kei-Mu Yi put China's manufacturing performance into a broader context. They emphasize two key themes: The wages of China's manufacturing workers are rising rapidly; and China's production of export goods relies heavily on imported inputs and the final exported goods face large mark-ups in their destination markets. The first theme implies that China will lose global market share in some ...