The writer is head of market strategy, Merrill and Private Bank, Bank of America
No nation in the world exports as much merchandise as China. But having conquered global trade in goods, it is now rapidly moving up the international ranks as a leading exporter of knowledge-intensive services.
China’s new trade front with the world is the export of services such as information and communication technology, construction management, engineering services, data analytics and research and development. And to a lesser degree, financial services and intellectual property rights.
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