U.S. Companies have made fewer manufacturing contracts with china in the last few years. Why is that?

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12-12-2019
Business

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U.S. Companies have made fewer manufacturing contracts with china in the last few years. Why is that?

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rejkjavik rejkjavik · Answer 1 · 2019-12-12T09:52:37+01:00

Answer:

Now China economy is the world leader economy. Due to which standard of living of Chinese people has improved. Therefore now Chinese are demanding more money than before. which directly or indirectly affect the contracts between both the country

Explanation:

There can be many reason behind the fewer contract between the china and america. Prior to this scenario Chinese are hired in large number by U.S companies. It is due to availability of large labor in less wages which makes the company profitable. However now the conditioned has changed. Now China economy is the world leader economy. Due to which standard of living of Chinese people has improved. Therefore now Chinese are demanding more money than before. which directly or indirectly affect the contracts between both the country