The Role of Technical Standards in the Global Economy

This is happening on the back of the pandemic. Pandemic is still going on in the world, and china wasn't kind of hit by the coorinating pandemic as much as the others were. And maybe that is why they're focusing on e pushing forward innovation, text innovation, to set standards. Even though they are manufacturing power house, china's exports, as a share of tdep, have half the word past decade. That is because consumption, and domestic, domestic consumption has a kind of contributed more to the economy but export still kind of forba major part of the chinese economy.