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China¡¯s manufacturing performance from a multilateral perspective: 1980-2004

Author

Listed:
  • REN Ruo¡äen

    (School of Economics & Management, Beihang University, Beijing 100083, China)

  • ZHENG Haitao

    (School of Economics & Management, Beihang University, Beijing 100083, China)

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.

Suggested Citation

  • REN Ruo¡äen & ZHENG Haitao, 2006. "China¡¯s manufacturing performance from a multilateral perspective: 1980-2004," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 1(4), pages 560-575, December.
    • Handle: RePEc:fec:journl:v:1:y:2006:i:4:p:560-575
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-006-0020-7
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    More about this item

    Keywords

    multilateral comparison; international competitiveness; manufacturing;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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