Chinese income Article Example | Topics and Well Written Essays - 250 words

Chinese income - Article guinea pigChina used to have many hundreds of millions of people below the poverty line who could not persist themselves, so finding manual labor jobs can be a lifeline for these types of people. The United States in like manner gets something out of the deal in that it consumers get to purchase goods at lower costs than if those goods were made in America.Trade between China and America is currently strong because each party can accumulate something out of the deal. If the conditions of trade change, such as an increase in Chinese wages, thusly this allow negatively affect international trade because American firms will not make as much profit. It is belike that these firms will look for other countries that have relatively low wages, such as Bangladesh, Vietnam, and the Philippines, because their profits margins will stay the same. At the end of the day, trade revolves around benefits, usually in the form of profits. If these benefits are reduced, th en international trade will decrease because only one party will be gaining from the