Economics
China Is Exporting More Sophisticated Products Despite Trade War
- Harvard’s ranking shows China is closing gap with U.S.
- Based on index, China’s growth will continue to outpace India
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The technological level of China’s exports increased through the trade war with the U.S., according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade.
China ranked 16th globally when judged by the complexity of its exports in 2019, moving up three places ahead of countries including Ireland since the onset of the trade war in 2018, according to a new study by Harvard University’s Growth Lab.