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

Ruo¡äen Ren () and Haitao Zheng
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Ruo¡äen Ren: School of Economics & Management, Beihang University, Beijing 100083, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2006, vol. 1, issue 4, 560-575

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.

Keywords: multilateral comparison; international competitiveness; manufacturing (search for similar items in EconPapers)
JEL-codes: F14 O47 O57 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:fec:journl:v:1:y:2006:i:4:p:560-575

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