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China's Export Machine Is Grabbing More of the Global Market

  • Nation’s rising share risks fanning tensions over global trade
  • China takes ‘drubbing’ at G-20 meet over steel exports
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China Eats Up Larger Piece of World's Shrinking Trade Pie

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China is eating up a larger chunk of the world’s shrinking trade pie.

Brushing off rising wages, a shrinking workforce and intensifying competition from lower cost nations from Vietnam to Mexico, China’s global export share climbed to 14.6 percent last year from 12.9 percent a year earlier. That’s the highest proportion of world exports ever in International Monetary Fund data going back to 1980.