"The multinational companies (MNCs) choose China as an alternative location for investment ?" Explain the statement.

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

"The multinational companies (MNCs) choose China as an alternative location for investment ?" Explain the statement.

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answered Feb 5, 2018 by faiz (82,347 points) 6 6 11
selected Feb 5, 2018 by Golu
 
Best answer

(i) Since the revolution in 1949, China gradually came in the field of World economy. It attracted the foreign MNC's because of its lowest economic structure.
(ii) Wages were relatively low.
(iii) China has the largest population besides labour.
They also formed a large consumer base.

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