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An export model as export product

How has China managed to become the technological innovator it is today? How competitive are China’s innovations? Economists from the Kiel Institute for the World Economy (IfW) and King’s College London have analyzed data of over 170,000 Chinese companies. Their findings: The strong export orientation of Chinese firms across all sizes and industries has contributed significantly to their success.

By
Felix Lee
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With a population of just 800,000, Danyang is considered a rather small city by Chinese standards. Located on the edge of the Yangtze Delta, it tends to stand in the shadow of booming cities like Shanghai, Suzhou, Nanjing and Hangzhou. And yet, Danyang is an economic heavyweight. Today, around half of all eyeglass lenses produced worldwide, including sunglasses, are being produced in Danyang. In China, Danyang is therefore also known as the “City of Glasses”.

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