The People’s Republic of China’s High-tech Exports: Myth and Reality
Trade statistics portray the People's Republic of China (PRC) as the largest exporter of high-tech products. In this paper the author argues that the PRC’s leading position in high-tech exports is a myth created by outdated trade statistics, which are inconsistent with trade based on global supply chains. Current trade statistics mistakenly credit entire values of assembled high-tech products to the PRC, thus greatly inflating its exports. He suggests that a value-added-based approach should be adopted to accurately measure high-tech exports. Furthermore, if assembly is the only source of the value-added generated by PRC workers, in terms of technological contribution these assembled high-tech exports are no different from labor-intensive products, so they should be excluded from the high-tech classification.
|Date of creation:||07 May 2012|
|Date of revision:|
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- Yuqing Xing & Neal Detert, 2010. "How iPhone Widens the US Trade Deficits with the PRC?," GRIPS Discussion Papers 10-21, National Graduate Institute for Policy Studies.
- Yuqing Xing, 2011.
"Processing Trade, Exchange Rates and China’s bilateral Trade Balances,"
GRIPS Discussion Papers
10-30, National Graduate Institute for Policy Studies.
- Xing, Yuqing, 2012. "Processing trade, exchange rates and China's bilateral trade balances," Journal of Asian Economics, Elsevier, vol. 23(5), pages 540-547.
- Jason Dedrick & Kenneth L. Kraemer & Greg Linden, 2010. "Who profits from innovation in global value chains? A study of the iPod and notebook PCs," Industrial and Corporate Change, Oxford University Press, vol. 19(1), pages 81-116, February.
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