Petla

Petla

What you should know about China’s export advantages

China’s car shipments to overseas markets have increased fivefold over the past four years. Chinese solar panels dominate the global market. Even exports are soaring in labor-intensive industries such as furniture manufacturing, an area where China was once thought to…

The impact of international trade on economic development

1. Introduction Economic development has been shown to be closely related to international trade, and the direction of this relationship may be twofold. First, countries with more developed economies are more likely to have higher purchasing power, resulting in higher…