Background

Growing competition in manufactures from China is believed to have placed severe pressure on the global prices of the manufactured products which China exports. This has implications for the relative prices of different sets of products and different groups of countries ("the terms of trade") and for the geographical location of global manufacturing.

The China and the Evolution of Global Manufactured Prices project tests the view that China’s global expansion has undermined prices and addresses the related view that Chinese competition is progressing from low-technology products to medium‐ and high‐technology products.