The country has been trying, unsuccessfully, to export manufactured and value-added goods abroad for nearly 10 years now and not only to China.

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Gone is the low value-added export model, and in its place is an economy increasingly dependent on its own people and their consumption.

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The Europeans have won every battle with us at the WTO, even though they routinely rebate domestic value-added taxes to companies that export goods and services from their countries.

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China's huge size means that to maintain stellar growth rates, the economy needs to move up the value-added chain fast and grab more export market share.

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