Sunday, 15 February 2015

Reflection on China economic

Reflections ( calyn )
China is the largest exporter of goods in the world and is a global hub for manufacturing. The factors that explains why China has so many imports from other countries is because of he  lower standard of living, which allows companies in China to pay lower wages to workers. Over the past 30 years or so, seizing the opportunity of the world economy's long-term prosperity and the deepening economic globalization, China has opened wider to the outside world, attracted and utilized foreign investment, introduced advanced technology, transformed and upgraded domestic industries, and achieved rapid development in foreign trade through all-round participation in the international division of labor and competition, thus opening up to international trade.

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