2006-11-09 05:12:08 · 5 answers · asked by jamdionne21 1 in Social Science ➔ Economics
Primarily cheap labour.
2006-11-13 00:07:06 · answer #1 · answered by Anonymous · 1⤊ 0⤋
First off, hold your horses on "dominant". China's exports are slighly smaller than those of Britain or Japan and a lot smaller than those of Germany or the U.S.
As to factors, there is only one: comparative advantage. China can produce labor-intensive light manufactures very inexpensively. At the same time, China is heavily dependent on imports of oil, steel, plastics, chemicals, and capital equipment...
2006-11-09 06:28:53 · answer #2 · answered by NC 7 · 0⤊ 0⤋
To name a few:
Artificially stabilized currency (makes it hard to sell to China while easy to buy from them).
Economically educated leadership (unlike the majority of American politicians)
Other unfair practices include (allegedly) stealing intellectual properties such as patents and profiting from their production.
They also have a huge population which is starting from a low economic stance which explains their tremendous growth rates.
They are not an open market which means outside firms must get permission from the Chinese Government to operate.
2006-11-09 05:21:20 · answer #3 · answered by Understood 3 · 0⤊ 0⤋
I have read that China does not except imports but will export everything from A-Z and back again. We import from them all the time but where is the love for our exports. They will become world leaders in trade because people continue to buy from them even though them do not return the favor.
2006-11-09 05:17:45 · answer #4 · answered by Kimber 1 · 0⤊ 0⤋
Free trade, over populated, communism and lots of slave labor.
2006-11-09 05:21:10 · answer #5 · answered by humm 2 · 0⤊ 1⤋