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The Rise and Fall of China with Michael Beckley [S2 Ep.25]

Conversations With Coleman

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How Can a Chinese Business Reduce Their Production Costs?

A lot of the output from chinese firms is is relatively small. So they're making products that have pretty marginal returns. They tend to be ton export, what they call export processing. And so it's cheap to do it that way, because labor is so cheap there. But the value that those chinese workers are adding is also relatively small.

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