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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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