Friday 26 July 2013

China's unfair advantage

In my two last posts I wrote down my thoughts about China's economy and its blooming which we've seen since the late 1990s. In most European countries we can find Chinese shops and restaurants whose goods are very cheap. It is known that China and other Asian countries, with weak enforced labour standards and poorly environmental protection laws, can export their good easily. That's why their goods are cheaper than European ones. But this is an unfair advantage in international trade
And while East Asian people (first of all China and India) don't control their internal carbon dioxide emissions and still continue to pollute their environs, one in three South European under 25 are unemployed and are coming of age.