what are 3 of the largest american companies based in communist china?..what type of buisness do they do?...please help this is my project for economics..thanks
2006-11-05 16:09:53 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
We owe China billions of dollars, japan and china own large chunks of American land and commercial properties, in 5 years India will surpass us, China which has surpassed us already in economic base. This is why China is most favorable.
I AM
2006-11-05 16:21:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
They are not the traditional from of communism that they used to be. They went over several very distinct changes in their party and are now a sort of hybrid capitalist/communist state. Plus they took over Hong Kong which was the capitalist center of the world. Hong Kong changed China far more than China changed Hong Kong.
2006-11-05 16:15:34 · answer #2 · answered by greeiore 3 · 0⤊ 0⤋
because of the fact the u . s . is almost bankrupt and the chinese language have them over a barrel. The chinese language have have been given the biggest dollar reserves interior the international - 900 billion. Bush has bought the u . s . to China and that they're going to ultimately have total financial administration.
2016-11-27 21:35:51 · answer #3 · answered by ? 4 · 0⤊ 0⤋
They and the Japanese are the only ones buying U.S. dollars and keeping our economy going.
Most countries are slowly switching to Euros (including the Chinese- we had to throw them a bone to keep them from ditching their almost one trillion dollars in reserves for Euros).
If the Chinese sold their dollars, then our import prices would go up and the Republican base (well, the other Republican base) wouldn't be able to afford to buy anything on their weekend trips to Wal-mart.
2006-11-05 16:21:05 · answer #4 · answered by ideogenetic 7 · 0⤊ 0⤋
They make all of our knickknacks and electronic equipment dirt cheap. Oh yea, Bill Clinton had a thing for Asian chicks and got a lifetime supply for that favor.
2006-11-05 16:14:51 · answer #5 · answered by Mike R 5 · 0⤊ 0⤋
Because they have billions of people who will make anything for cheap. They can manufacture anything.
2006-11-05 16:19:42 · answer #6 · answered by lvillejj 4 · 0⤊ 0⤋
One simple word:
Lobbyists.
2006-11-05 16:12:07 · answer #7 · answered by LeAnne 7 · 0⤊ 0⤋
Can you say Wal*Mart?
2006-11-05 16:40:06 · answer #8 · answered by older_fat_male 3 · 0⤊ 0⤋