China's Export Dominance: What to Know

China's car shipments to foreign markets have quintupled in the past four years. Its solar panels dominate global markets. Even exports in labor-intensive industries like furniture making, which China was once expected to lose to lower-wage countries, are surging. American and European leaders have become increasingly vocal that a flood of Chinese exports is swamping their markets. Developing countries like India and Brazil are joining them in starting to put limits on purchases from China. Rich and poor countries alike fear that many of their factories may need to close, unable to compete with newer, more automated ones in China….