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Measuring the Competitiveness of China's Processed Exports.pdf
China&WordlEconomy /78-100,Vo1.23,No.,2015
MeasuringtheCompetitivenessof
China’SProcessedExports
Willem Thorbecke
Abstract
China surplusinprocessingtraderemainslarge.Processedexportsarefinalgoods
producedusingpartsandcomponentsthatareimporteddutyfree.Becausemuchofthe
value—addedoftheseexpor~comesfromEastAsia,exchangeratesthroughouttheregion
shouldaffecttheirforeigncurrencyprices.Thispaperpresentsdataonvalue-addedexchange
ratesf
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