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China’s manufacturing performance from a multilateral perspective: 1980-2004 |
| REN Ruo′en, ZHENG Haitao |
| School of Economics & Management, Beihang University, Beijing 100083, China; |
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Abstract This paper examines international competitiveness of China s manufacturing industry during the period of 1980-2004 from a multilateral perspective in terms of purchasing power parities, relative price levels, labor productivity and unit labor costs. The various measures of PPPs in China s manufacturing industry are found to be approximately 3.7 RMB per international dollar in the base year 1997. Since the mid-1980s, the relative price of China s manufacturing products has been declined and is the lowest compared with the US, UK, Germany, Japan and South Korea. The unit labor cost is found to show a declining trend with some fluctuation. The labor productivity of China s manufacturing industry is relatively low and is found to converge with other countries since 1992.
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Issue Date: 05 December 2006
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