Stephen Kirchner points to an excellent recent article in the FT on Chinese growth. He notes: bq. Huang also questions the all-pervasive “Made in China” label. He suggests that “Processed in China” is a more accurate characterisation, as well as having different connotations (“institutional-economics”:http://www.institutional-economics.com/) In fact, the ASEAN secretariat claims that 55 percent of China’s exports and more than 40 percent of its imports are ‘processing’ trade. More—including some notes on the impact of Chinese and Japanese post-war growth—in my recent paper for the national conference of the Plastics and Chemicals Industry Association “here(MS Word File: about 60k)”:http://www.inquit.com/assets/Talk_to_PACIA.doc.