China has been a country which is growing so. First, they have a perfect education system that enables the learners to be more innovative. This has led to increasing in the production of goods and upgraded technology in the country they are using. Due to excess production, china has been doing business with the United States of America to obtain a market for their surplus goods. In this essay, I will discuss the advantages that china gets from engagements with USA, challenges witnessed, and ways in which china market their goods.
To start with, China has a lot of goods selling to the United States. Electronic products are one of the products that China has dominated. China are expert in producing electrical products, including refrigerators, microwaves, water dispensers, woofers, electric jags, bulbs, and extension cables. Hisense company is one of the famous companies for producing digital and flat-screen tvs. Skyworth is also another company growing up. On phones, china has many companies that make good quality phones that are doing very well in the market. Phone brands made in china include Huawei, the famous oppo which targets the rich people, vivo, Lenovo, one plus, Xiaomi, coolpad, Tecno, and ZTE. Chinese goods are also cheap due to the low cost of production due to the high technology used by the country. This makes the products have many customers and excel in the market.
China also produces cars that primarily target middle-class earners in USA. China also produces computers which also have dominated the market. One of the brands is Lenovo laptops and desktops. When you go all over the world, you cant lack these products from the Chinese world. China also has been doing finance business with other countries(Stigliz 2021). This is where the Chinese government has been lending money to other countries, with interest for some time. It makes sure money revolves around the globe and also ensures the exchange of foreign currency. China also has been producing trucks and heavy machinery for construction companies. Due to high technology, China has made quality machines that have eased work in the construction industry. For example, they have manufactured the mixers which help in concrete mixing. The country also produces excavators, backhoes, loaders, tower cranes, forklifts, tipper tracks, and concrete pumps. These inventions have made the construction process to be done very fast and also at the same time quality work.
China has benefited from economic relations and ties with united states of America. One advantage is that it has found a market for its surplus goods. China has many interests to sell due to high production rate they look for a bigger market in the world. Having good economic relations with USA markets has made it possible for China to sell its goods quickly. China has also benefited by inviting investors to their countries to make investments. It makes sure that there is an increase in employment opportunities and also more money and resources are added to the china economy. China has created laws that attract foreign investors and those who make substantial capital investments. It includes low taxes and favorable government policies.Another benefit is that China has spread its technologies to the United States. Most of the gadgets we use have been made in China, and this is a way of ensuring their technology is known. It makes them detect any problem that is current and enables them to build more advanced technologies.
Economic relations with USA have also given china a chance to invest in the country. China builds branches of their companies in other countries, which make them expand theirs produces. Mainly China invests more in technology in the different countries(Sunner 2019). Due to advanced technologies, china companies are before being given tenders of construction. Chinese companies have been leading to constructing necessities like ports, railways, and quality roads in many developing countries. It is because there is a belief that Chinese engineers are better and more experienced than any other. In Chinese education, they specialize in one field and become more knowledgeable in the area.
Also, it is evident from their work that they are able and hence are given the jobs. It is an advantage as the company pays taxes to the Chinese government, ensuring its growth due to increased revenue. These companies also carry with them their skilled laborers who work in foreign companies. It is a source of employment for china citizens, and it opens them to the world fraternity. Another advantage is that the poverty rate has been reduced in China. It is due to an increase in revenue, industrialization, and improved technology(Malkiel 2021). Employment opportunities have increased; hence families can provide for their needs without the need for any charity. Another advantage is that China has been able to make a connected market web around the globe. It has ensured the flow of Chinese products from one country to another. China has also been able to specialize concerning customers' demands and what customers prefer. The country investors also produced longer lifetime products which ensure many customers like them in the world.
The United states of America have economic relations and do business with China have a lot of advantages that they scoop from this engagement. One advantage is that these countries can invest in china. It is a chance that is given only to investors from countries are on good terms with China like USA. It is a perfect opportunity because china has a vast population; hence that is already a large market. Also, many citizens in china are learned, which means whoever invests in this finds already available labor which is skilled and ready to work. It also means that the cost of delivery will be low due to the availability of labor(Mc et al. 205). The technology available in china ensures quality production of the products. Investing in China is a golden opportunity, and with clear agendas and sound strategies, it is sure the business must thrive.
Another advantage is that the USA import their products to china. Having a huge population, China consumes a lot of food. China itself cannot feed the whole population, so some foods come from outside the countries. USA export their agricultural products to china and also their cars.These products include avocados, vegetable-made oils, barley, cotton, rubber, and soya beans. Due to the availability of many processing and manufacturing industries, china imports mainly raw materials to produce a variety of commodities(Malkiel 2011). This helps these countries to have a place to take their surplus goods. It also enhances foreign exchange, which allows the currency of these countries to grow in value and be competitive in the global market. It also helps the countries to increase their products as they have a need. It also leads to an increase in employment due to the demand for goods.
Another advantage is that when china investors invest in USA, it leads to the employment of local people. It increases the income, and people can feed their families. It also improves the living standards of the people and eliminates poverty in the community. As a result, many people can pay taxes to their governments, enhancing more developments and providing quality services by the governments. New developments in these countries are another advantage enjoyed by these countries. China has been a pillar to the development of many nations. Due to the trust that USA have gained, many developmental projects are done by china companies. it has made it possible for countries to have modern roads, modern railways and more functional ports and airports. China companies are liked due to more efficiency in their work, fast and also quality work. USA also enjoy loans from china government(Kim 2017). These loans have interests, and it is to be paid slowly. It makes many countries prefer the china loans since they have a considerable repayment period. These loans are used to establish necessities in the country. United States owe china government loans which they borrowed even if they area super power. Technology also has been improved in the country due to interaction with china. The country have also benefited from exchanging ideas with china investors, which also helps them improve their businesses.
I feel that China takes advantage of the the poor states whereas they say they are helping them in business. One way in which china exploits these states is by giving them more loans. China always gives these states more and more loans even if they know the countries can't pay. In the end, china took up the management of essential revenue makers in the states to pay itself. China also discriminates against races in their companies. When china companies are given tenders in the states , they choose a few local workers to work for them. Cases have been reported where the Chinese bosses poorly treat local workers. China also takes this chance to dispose of low-quality goods to these states as they have no technology to check the quality of goods. China also brings more than the agreed exports to poor states as they know many leaders are corrupt and will give them a little money and get the goods. it hinders innovation in these countries since everything is brought from outside. China also influenced the political state of poor states(John 2018). it is with a selfish motive of ensuring whoever is in power supports the china, and china will be given tenders in these poor states. Due to the heavy population in china, it has sent many of its people to the poor states to decongest the place. it leads to the taking of jobs from the locals and hence increasing poverty in states.
There are several disadvantages that USA incur when doing business with China. One of the problems is that China wants to benefit more than the other business partner. This is because it considers itself a more developed country, and by doing business with other countries is like elevating them(Bowe et al., 2019). Another problem is that china people tend to discriminate against other races when they go to China to do business. They might refuse to buy your products just because you are not of their race. Another problem is that many Chinese products are not long-lasting; this makes sure that you will go back to the market to buy a new one. Also, the china government harasses the poor states that cannot pay the debts in time and take forcefully some government properties to compensate their loans.
China and USA have developed some new strategies to help them improve the business between the two countries. One method is building more branches of their companies in other countries. This will make people in the country feel a sense of ownership, hence boosting sales(Kim 2016). The two countries have also agreed to rally their members to stop racism towards citizens from the other country. This will ensure integration of the people and hence more development in business. China should also allow more imports to their country. it will make them export more to the USA therefore thriving more in the business. The two countries have also agreed to increase exports to the other countries and allow imports to the other country. The countries have agreed to cut some of the import revenue for goods from coming into the country from the other country.
In conclusion, China has been a fast developing country due to minimal corruption in the government. Also, due to well-planned and examined strategies. However, China faces problems of taking advantage of the underdeveloped countries, which may see them face rebellion and the chances taken by other big countries. Having discussed the above, I believe china can be the best country in coming years to do business with and invest.
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