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2 answers

From my observations there are several differences.
Firstly, the EU regulates all the imports from China. This is done mostly to protect their industries, such as the high quality and fashion industry.
Secondly, most Chinese / Asian manufacturers, to my observation, are producing goods which are technologically equal or ahead of the rest of the world, and they are doing it cheaper, even by their own standards.
The famous digital Rolex watch is an indication of Asia's ability to take an out of date concept, up date it, and then sell it cheaper.
Also, there seems to be a huge bureaucracy and massive subsidies in Europe which discourages innovation and competitiveness on the world market.
In Asia, there is less bureaucracy and, to my knowledge, no subsidies, so a company isn't protected from foreign imports. It has to keep innovating. It makes a profit, is allowed to deduct certain expenses such as research, and is taxed on the rest.

2007-02-05 07:44:14 · answer #1 · answered by Bad bus driving wolf 6 · 0 0

I just saw something on CNN that said China is very friendly to outcasts and tabu leaders because they have oil. They said that china is about one thing and that how to grow they're economy. So I guess that might suffice as an answer.

2007-02-05 03:37:19 · answer #2 · answered by Mr. DC Economist 5 · 0 0

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