After the 1949 revolution, China entered the global economy, attracting foreign MNCs with its low economic costs. Its vast population created a huge consumer market and low wages made it a preferred destination for global manufacturing and trade.
“China became and attraction destination for investment by foreign MNCs in the 19th and 20th centuries”. Justify the statement.
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(i) Since the Chinese revolution in 1949, China gradually came in the field of world economy. It attracted the foreign MNCs because of its lowest economic structure.
(ii) China has a largest population so, they also formed a large consumer base. Wages were relatively low in China.