The average income in China has doubled over the last decade.
Much of China's exports comes from private companies, so no, the government does not keep the money. Even state-owned enterprises have their own balance sheets and don't just transfer everything to the government.
And finally, China's currency has actually been overvalued at various points. The central bank has intervened in both directions, not just to suppress the value of the currency.
Much of China's exports comes from private companies, so no, the government does not keep the money. Even state-owned enterprises have their own balance sheets and don't just transfer everything to the government.
And finally, China's currency has actually been overvalued at various points. The central bank has intervened in both directions, not just to suppress the value of the currency.