2007-03-10 22:19:38 · 3 answers · asked by --------- - 2 in Social Science ➔ Economics
A huge demand for Chinese manufactured products, coupled with a liberalization of the economy.
2007-03-10 22:22:26 · answer #1 · answered by Wocka wocka 6 · 1⤊ 0⤋
If a single source had to be identified, I would say the USA is most responsible for China's booming economy. Some years back, the USA designated China as a most favored trading nation. At that point, the floodgates to economic opportunity were opened. Many USA companies moved factories and industries to China because of their abundance of cheap labor. The trend caught on and now many other developed countries have followed the USA lead.
2007-03-11 00:53:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
stable government, large cheap workforce, and capitalism
2007-03-12 10:25:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋