Arvind Subramanian thinks the country's exports have had a greater effect on the global economy than any other single factor.
en English
Economics
Jul 13, 2026
Arvind Subramanian
Because analysts tend to put the United States at the center of the global economic story, they have overlooked the single most important force of the past 50 years. But it will be obvious to later generations that Chinese mercantilism has been more globally consequential than any other economic shock or policy choice.
The latent bias that leads analysts to place the US at the center of the global economy has caused many to overlook just how…
Arvind Subramanian rebuts the claim that the country’s mercantilist development model has short-changed consumers.
Chinese companies, often enticed by government subsidies, have invested so much in targeted industries that factory capacity far…
Europe is increasingly arriving at the same diagnosis as Washington — that Chinese overproduction poses a threat to domestic…
China's record $1.2 trillion trade surplus and booming high-value exports are reshaping global manufacturing, US trade policy,…
China’s growing exports in both low-end and high-end goods are putting pressure on advanced and developing economies alike, and…
