Buy custom China'S Future...What Path?
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1022 |
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The graph to the right displays China’s rapid rise by showing the share of global gross domestic product it is predicted to own by 2015. The graph shows an amazing 20.3%. And though the future is never certain, I think we can expect for China to continue doing well for many more years to come.
But is it really all that bad? We would have to admit, thanks to China we have enjoyed everything from socks to televisions all of which has been made affordable to us by China’s ability to produce goods for less and offer lower prices...
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According to an article in Newsweek World News titled, “Does The Future Belong To China,†a Morgan Stanley report showed that cheap imports from China has saved American consumers more than $600 billion in the past decade. But some people view the world’s fastest-growing large economy and second largest holder of foreign-exchange reserves as a threat while others just ignore the hype altogether...
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