Chinese population play in the World Economy
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How significant of a role does the Chinese population play in the World Economy?
When you hear the country of China's name announced do you think about the impact they have on the World Economy or how their blatant disregard for human rights has made them a nemesis for many countries who believe in a true democratic society?
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Solution Summary
The significance of Chinese population play in the World Economy are discussed.
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The Chinese population is undoubtedly very important for the world economy in today's age. With a rapidly growing middle class having an ever-increasing purchasing power, it is foolish to ignore the impact the one-sixth of the world population can have on the global economy. Chinese goods have flooded the markets of the world with their relatively low prices and a reasonably good quality (which in nevertheless questionable by western standards). Many countries in Europe and Australia have stopped producing ...
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