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Chinese global export share rises to 14.6%

Brushing off rising wages, a shrinking workforce and intensifying competition from lower cost nations from Vietnam to Mexico, China's global export share climbed to 14.6 percent last year from 12.9 percent a year earlier. That's the highest proportion of world exports ever in International Monetary Fund data going back to 1980. Yet even as its export share climbs globally, manufacturing's slice of China's economy is waning as services and consumption emerge as the new growth drivers.