industry. Using firm level data from China, we document that wholesalers play no such role for direct importers. However, other …

China's rapid rise in the global economy following its 2001 World Trade Organization (WTO) entry has raised questions … benefits. We find that the China trade shock reduced the U.S. manufacturing price index by 7.6 percent between 2000 and 2006 … (PNTR) to China, effectively removing the threat of China facing very high tariffs on its exports to the United States. A …