| Abstract | After consistent growth from 1990-95, Chinese exports are running out of steam - a loss of momentum that is not temporary, according to analysts. Throughout the six years, exports expanded at an average annual leverage rate of 19.1 per cent, impressive by any standard. However, some labour-intensive products have enjoyed continuous export growth since the late 1980s, when they overtook dominant raw materials and agricultural products to become the major Chinese exports. Such exports generally have little high technical merit, sales relying mainly on the competitive prices that reflect the relatively cheap domestic labour that produced them. |
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