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The change in the mean value of labor is small with only 2.5% of annual growth rate. As for the trade volume, the mean values of both imports and exports jumped twofold, indicating Chinaâs increasing participation in international trade.
Eckaus (2004) reports exchange-rate effects on China's exports to the United States using annual data from 1985 to 2002. He considers two specifications that differ in the dependent variable: the level of China's exports to the United States and the share of U.S. imports from China.