Does China generate disinflation or inflation in OECD countries?

The opening of trade between OECD countries and China in the 1990s was clearly disinflationary for OECD countries, due to the ability to import products made in China with very low labour costs ( which is interpreted as the availability of additional labour supply in China for the global econom y ). But w hat about today? Labour costs have increased significantly in China and its market shares in global trade are not increasing any more. Yet, China still has a disinflationary impact on the OECD: given the excess capacity in Chinese industry, industrial prices are low and this industrial deflation in China is exported to the rest of the world .