Tesco
The End of China’s Export Juggernaut
Article

The End of China’s Export Juggernaut

Thomas Klitgaard and Harry Wheeler
Federal Reserve Bank of New York, 2017
Read the article

Read or listen offline

áudio gerado automaticamente
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
áudio gerado automaticamente

Editorial Rating

7

Qualities

  • Overview
  • Background
  • For Beginners

Recommendation

China’s dominance of US imports began in the 1990s and peaked in 2010. Since then, Chinese shares of apparel, electronics and other manufactured goods coming into the United States have leveled off. According to this succinct report from economists Thomas Klitgaard and Harry Wheeler, the plateau comes as manufacturing heats up in developed countries like Japan and as competition increases for low-cost labor in emerging markets like Vietnam. getAbstract suggests this overview to executives and others interested in the dynamics of China’s economy.

Take-Aways

  • Chinese exports of manufactured goods destined for the United States experienced two decades of rapid growth from 1990 to 2010 and then flattened out.
  • China had benefited from this impressive expansion at the expense of other countries.
  • The stagnation set in due to an increase in manufacturing competition from the advanced nations and from low-cost labor markets in developing countries.

About the Authors

Thomas Klitgaard is a vice president at the Federal Reserve Bank of New York, where Harry Wheeler is a senior research analyst.

Comment on this summary or Iniciar a Discussão