2007-05-15 05:45:58 · 5 answers · asked by paintballenator51 2 in Travel ➔ Asia Pacific ➔ China
Well depends on which point of view. Since China has joined WTO, the Chinese have done quite a bit to make the RMB free float, control piracy, improve human rights and increase minimum wage. Now that's the Chinese point of view.
In reality, the economy is China is super heating. Piracy of intellectual property is rampant (you know where you can buy all those fake DVDs, don't pretend its not there) and there is hardly any form of minimum wage. And sure the RMB has been appreciating but the government is very slowly (too slow for the west) letting the RMB raise.
With the vast population and cheap labor China has been stealing away manufacturing jobs but that's not what the government can control. As you know certain industries in China are only surviving because of the tax credits that government provide. For example, the textile industry in Guangdong. I mean, they are no more cheaper than Bangladesh, India or Vietnam but the government provide 12% tax incentive & they are flourishing.
All this comes from the "Export only" attitude of the government which they are slowly changing. China now wants to export smart and not just export. China knows what it can and cannot do to be competitive and they know what sectors they need to invest in.
Problem is the west things all these changes are not happening enough while the Chinese think it is. Well sitting on a yearly trade surplus of $USD120 billion, guess who is going to win.
2007-05-15 13:36:29 · answer #1 · answered by grendeth 5 · 0⤊ 6⤋
Only those with industries in manufacturing of tangible products.
It has been the trend in the last decade or so that once China put it's mind into manufacturing of a product, it literally undercuts most others in cost and pricing. Thus, effectively wiping out other competing manufacturers in other countries.
Example items are sneakers, women shoes, anything textile, home electronics and appliances. And many other industry are feeling the threat that they will be next, like automobile manufacturing and steel making amongst others.
2007-05-16 12:03:30 · answer #2 · answered by minijumbofly 5 · 1⤊ 1⤋
China is getting stronger and stronger in both Econ and military, but there is no sign of saying it is going to threat other countries. (Stronger does not mean threating... If so... US will be the worst one on threating others. )
2007-05-15 20:27:19 · answer #3 · answered by cmui1978 5 · 2⤊ 1⤋
China can be considered a threat economically given its huge and cheap labor force and large manufacturing capacity.
2007-05-15 13:27:47 · answer #4 · answered by ? 7 · 2⤊ 1⤋
No,at least not till such time when it "illegally occupies Iraq and Afghanistan "
2007-05-15 21:51:20 · answer #5 · answered by Anonymous · 2⤊ 1⤋