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Its size gives it power to drive down costs in Retail and Manufacturing sector. Thus, it can drive out competition easily. With such monopoly it can drive down the wages and labour standards. It has prohibited its employees from joining any trade union. In U.S. it has destructed local small business, jobs and is washing away local production by flooding U.S. markets with Chinese made goods.
Table-5
2005-2006 2006-2007 Growth
Total Import 660408.9 862301.5 30.6
Import from China 48116.7 78729.5 63.6
Table above shows that the imports from china have been increasing tremendously. This is when still retail sector is not open to FDIs...
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