Keller, Wolfgang; Li, Ben; Shiue, Carol H. - National Bureau of Economic Research (NBER) - 2010
War. The main purpose of the paper is to identify what is (and was) China's 'normal' level of foreign trade, and how these … levels changed under different trade regimes, from 1840 to the present. We present new evidence on China's foreign trade …, that yields important findings for current research. First, although the volume of foreign trade remained limited initially …