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Secondly, it offers a larger market and more customers than ever before to Chinese companies, low cost of Chinese products such as shoes and textile will lead to a great amount of exports and finally promote the whole china’s development of economy.
However, economic globalisation also brings some problems to china. Many famous foreign companies also enter into china’s economic market that bring strong competition to local companies and now seems to be a threat to these companies. For example, with more and more foreign cars enter into Chinese automobile market, the favorable prices and modern types are more attractive to Chinese customers, it leads to an enormous reduce of sales volume for local car manufactories...
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