China Share of World Exports = Declining Since 2016 Due to Rising Wages + Aging Labor Force China Share of World Exports (%) 16% na %, Chi ts r po x E 8% d l r o W f e o r ha S 0% 2000 2001 2003 2004 2006 2007 2009 2010 2012 2013 2015 2016 2018 12M Trailing Sum 3M Trailing Sum Source: Haver Analytics, Morgan Stanley Research Internet Trends 301 2019