However, this mode that consumers gain by being offered less expensive goods and services, which is credibly to increase the quality and variety of goods and services available to consumers, with change magnitude competition between domestic and foreign industries. Chinas abundant low-cost labor has led multinational corporations to firing their export-oriented, labor-intensive manufacturing facilities to China. . It has also lowered costs for firms that import and use Chinese-made components and parts to produce manufactured goods, boosting their competitiveness. However, monetary matters are not the only components of economic activities, the economy of a country reflects the life-style and interrelationships between people domestically and internationally. The philosophy that reflects the way Chinese people live is Confucianism. Without a doubt Confucian philosophy is an... If you want to get a full essay, order it on our website: Orderessay
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