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How Big a Competitive Threat Is China, Really?

Harvard Business Review

China, by comparison, is rising in the WTO era. By comparison, China's FDI stock equals 8% of its GDP; more than 70% of that FDI consists of wholly foreign-owned enterprises (as opposed to joint ventures); and foreign firms produce half of China's exports and more than 90% of China's high-tech exports. Today, by comparison, U.S.-China