Louis Carlozo replied 24th May '16:
It depends. The addition of a brand new value-added tax either means a revenue bonanza, or a sign the Chinese government is suffering due to a lagging economy--and thus lack of revenue dollars. China's economy needs to mature: It can't undercut the market in clothing, for example, as U.S. companies are now setting up shop in Vietnam, Cambodia and other places where labor is even cheaper. Still, China's a juggernaut and there's no chance its export revenue will collapse anytime soon.