In a latest NBER working paper, Yale professor Peter Schott found that:
"China’s export bundle increasingly overlaps with that of more developed countries, rendering it more “sophisticated” than countries with similar relative endowments."
Read the paper here.
Indeed, Professor Steven N.S.Cheung has made similar remarks years ago in his Chinese writings. Hat tip to the Professor Cheung once again for his keen observations on China's economy.
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