Why is China Progressing so Fast?

Why is China Progressing so Fast?

china-progressing-so-fastWhen talking about import and export, China, the United States, and the European Union are probably the top countries that should be discussed. Although South America, Africa, and Australia are rich in natural resources, they are not at the top when it comes to trading globally. South America and Africa still struggle with domestic problems such as poverty and especially, hunger in Africa.

Why is China Progressing so Fast?

China is the biggest exporter in the world probably because of its cheap working force, industrial boom, and growing economy. China’s growth started with its decision to have open-policy to the Western countries and to the West. Since 1978, China has been opened to the global market and is interesting to the foreign investors. Because of its politics and reforms, China opened her door to the world. With its growing population and one of the cheapest working force in the world, most of the factories and industries of Western countries are on its territory.

In terms of the European Union, Germany, and the United Kingdom have the largest economies in the Europe. The United States has the largest economy market in the world, but it does not have a cheap working force along with the European Union.

China is on the track of becoming the largest economy empire, as newest data show it is now even more powerful than Japan when it comes to trading. It is growing faster than India or any other market on Asian territory. However, every now and then, because of their cheapest solutions and resources of the materials, it happens that their products are bad for health problems. Nevertheless, it will continue to grow and offer products on the global market and there is no doubt that it is slowly becoming the empire, at least in the terms of trading.