China's economic discussion Assignment Example | Topics and Well Written Essays - 250 words

China's economic discussion - Assignment Example It has taken many decades for Chinese companies to compete on a national and global stage, but an increasingly educated workforce has helped to contribute to this. Before, the working Chinese population was not highly educated and thus could not perform technology intensive jobs. Another thing that MNCs will have to watch out for is labor shortages. Because of China’s one-child policy in the 1970’s and 80’s, there will be fewer young workers available for jobs in the future. In addition to this, labor costs will rise as the standard of living increases in China. As Chinese workers are becoming more skilled, they will demand pay that appropriately matches their skills. Finally, MNCs will need to change their focus to countryside Chinese cities, which are expected to experience huge growth in the not too distant future. Many MNCs are based in major cities in the eastern part of China, but this area has already experienced major