William Bratton is author of "China's Rise, Asia's Decline." He was previously head of Asia-Pacific equity research at HSBC.
Country gaining market share in both low- and high-tech sectors


A worker makes clothes at an apparel factory in Enshi, China, in November 2020: Chinese manufacturers are still gaining export share across low-technology and labor-intensive industries. © Imaginechina/AP
William Bratton is author of "China's Rise, Asia's Decline." He was previously head of Asia-Pacific equity research at HSBC.