Processing trade is a Chinese rooted conception, a kind of trade pattern featured with tariff rebate, and in reality, a kind of intra-production international trade under the condition of fragmentation of international industry chains. It is different from general trade in that it is not a kind of total factor trade but a kind of production factor trade, or namely,labor trade, essentially a kind of special style of labor service export. The popularization of processing trade in China has brought some illuso...
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