Economy Country January 28, 2025

The Economic Rise of China

China has experienced impressive growth, becoming the center of global production. It leveraged its cheap labor, but this raises questions for Europe and the U.S.


The Economic Rise of China

China has experienced significant growth and has established itself as the main center of production worldwide. Taking advantage of the situation, the Asian country has been able to capitalize on this position to learn and develop.

European countries and the United States relied on China to provide a favorable environment for production, with cheap labor and no labor conflicts. This attractive scenario led to an excessive dependence on China in terms of production and supply of goods.

In the words of an expert, "China has managed to play its cards intelligently, becoming a central player in the global economy." China’s strategy of offering low labor costs attracted numerous foreign companies, resulting in a significant increase in the country's production and exports.