Three Decades of China's Industrial Comparative Advantages
Yin Xing-min
Abstract
Yin Xing-min
Abstract
The paper proposes three pieces of conclusions by using statistical data of dynamic evolution of Chinese export structure.Firstly,China is rich in labors,but it is shown that the proportion of labor-intensive products to total export ones in China has been on the sharp decline.Secondly,export structure is transformed to technological products containing more human capital and it indicates that the connotation of labor-factor endowment has been greatly changes.Thirdly,the export competitiveness of capital-intensive industries in manufacturing industry is still weak and it implies that the improvement of competitiveness of capital-intensive industries is the key to adjust future export structure in China.
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The paper proposes three pieces of conclusions by using statistical data of dynamic evolution of Chinese export structure.Firstly,China is rich in labors,but it is shown that the proportion of labor-intensive products to total export ones in China has been on the sharp decline.Secondly,export structure is transformed to technological products containing more human capital and it indicates that the connotation of labor-factor endowment has been greatly changes.Thirdly,the export competitiveness of capital-intensive industries in manufacturing industry is still weak and it implies that the improvement of competitiveness of capital-intensive industries is the key to adjust future export structure in China.
Key concepts: China, Endowment, Comparative advantage, Connotation, Manufacturing, Factor endowment, Economics, Capital (architecture)