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Essay

Is the Chinese Textile Industry a threat for Europe?

Essay specific features

 

Issue:

Business

 

Written by:

Audrey C

 

Date added:

August 27, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

13 / 3580

 

Was viewed:

4663 times

 

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Essay content:

Thus, Chinese government has been implementing an economic reform to reinforce its rapid growth. China is now awake and is already a major actor of the world economy, widely open to the world. It has reduced its trade barriers and has managed to attract huge foreign direct investments thanks to which China could improve its competitiveness...
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After the end of the Multifibre Arrangement, China's textile exports rose astonishingly. China's share of the US$350 billion global textile market is expected to rise from its current 20 percent to a maximum of 60 percent in the coming years. Indeed thanks to its low-wages, China became the place where western textile companies outsource their production...
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