It's the low cost of labor in addition to lack of environmental regulation that made China a success story. I'm sure the competition helps too but it's not main driver
It's the low cost of labor in addition to lack of environmental regulation that made China a success story. I'm sure the competition helps too but it's not main driver
That happens in most of the world. Why China, then?
Because they have a billion and a half people and they were willing to be the western world’s factory.