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The real toll of the "China squeeze" on poorer countries can't be measured mainly in job cuts or factory closures, but rather in factories never built, export markets never entered, capabilities never accumulated, & development paths never opened, Arvind Subramanian & Shoumitro Chatterjee write.

foreignaffairs.comChina Is Pulling Up the Ladder Behind ItHow Beijing’s export strategy will keep poor countries poor.

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Chinese firms setting up in poorer countries has advantages for a developing country but will their home grown industries and middle class ever get going or just used as a source of cheap labour.