Is China Benefitting from Trade with Europe?

Research Paper

1.2 Title: Is China benefiting from trade with Europe and why?

1.3 Introduction

The concept of trade is translated into policy through various sets of definitions and measures. Trade is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably, this is a cornerstone of growth and global development, but one will not be able to sustain this growth if it favours the few, and not many, “Barak Obama 2008” .The world has become a better place today than years back due to trade, however the provision of trading has made different people and their economies a better place. The trade relationship between China and Europe have been growing rapidly, one can now be able to go into a French supermarket in China and purchase French products whereas at the other hand French people can go to China town in Paris to purchase some Chinese goods and services this type of trade agreements has resulted to many external and internal benefits to the economies.

China and Europe are different economies with a huge differents in terms of culture and language but how is a place like Shanghai in China similar to other European countries in terms of the modern infrastructure, fashion, food and high incomes ?This is because of foreign investments that has tripled more than any other developing country in the last decades. Entrepreneurs have opened branches of western companies in China this form of trade agreements has helped significantly in terms of unemployment which had been on peak in China. However on the other hand Chinese entrepreneurs have also been starting companies in Europe whereas some have been inv...

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... some of us “I don’t mean to practise ethnocentrism but that’s just the fact and no offence” , he said.

Wang Xiao, China exports more than it imports so we have a trade surplus and I think because of this trade surplus we have managed to attract a lot of foreign investments, we now have a lot of foreign companies in China and these company’s produce different kinds of goods and services we have companies like MacDonald’s, Kfc, Starbucks, Apple just to name a few .As far as I know these companies are all western companies because here in China I know of our famous Huawei, Li Xian sheng and so on. It’s good to have a diverse economy.

3.3 Bar Graph of Sino Europe trade in 2011