'China becomes an attraction destination for investment by foreign MNCs in the 19th and 20th centuries.' Justify the statement.

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asked Feb 5, 2018 in History by Golu (37,045 points) 19 144 412

'China becomes an attraction destination for investment by foreign MNCs in the 19th and 20th centuries.' Justify the statement.

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answered Feb 5, 2018 by faiz (82,347 points) 6 6 11
selected Feb 5, 2018 by Golu
 
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China becomes an attraction destination for investment by foreign MNCs in the 19th and 20th centuries because :
(i) Wages were relatively low in countries like China.
(ii) This is because of the low-cost structure of the Chinese economy, most importantly its low wages.
(iii) TVs, mobile phones, and toys we see in the shops seem to be made in China.

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