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Q.

Which among the following are the reasons for the industrial growth of China?


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a

Cheap labour

b

Effective location

c

Network suppliers

d

All of the above 

answer is D.

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Detailed Solution

The presence of lower-paid employees in China is one of the reasons businesses choose to produce their goods there. China's business ecosystem has developed into a more effective and economical location to make goods because of its networked suppliers, component makers, and distributors. In addition, Chinese manufacturers typically operate in a more liberal regulatory environment than their Western counterparts, who must adhere to numerous health, safety, employment, and environmental restrictions.
 
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