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Eventually this lead to China joining the WTO. Today, the result of these reforms is China possessing one of the fastest growing and largest economies in the world despite being governed by a communist party. As the market continues to open up, MNEs can expect great opportunities in China but there significant great risks when doing business in the country.
Firstly, western governments are very concerned with China's policy of maintaining its currency artificially low which keeps Chinese exports relatively cheap especially in highly competitive sectors such as cars, apparel and household goods...
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