China’s share of global and Asian exports is falling
Both poorer and richer countries are winning market-share at its expense
CHINA’s exporters once had little to offer the world and everything to learn from it. In the 1960s intrepid entrepreneurs ventured across the border from Hong Kong to the Canton Fair to buy wooden toys from China’s rudimentary factories. One visitor threw away a sock in his hotel, according to the book “Toy Town” by Sarah Monks. It was later mailed back to him, darned and washed.
This article appeared in the China section of the print edition under the headline “A steamroller in reverse”
From the March 10th 2018 edition
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