Question

How can China's GDP of development promote policy recommendations? Explain

Answer 1

China’s various economic and trade policies allow the producers to avoid paying taxes for exports and this result in decrease in value of currency and overdevelopment of exports sector and imbalance of the overall economy, that could hamper the future growth and its rate of the economy. China is the largest manufacturing economy in the world, and the biggest exporter of goods. It’s also the fastest growing consumer market and importer of goods. But it’s participation in international market also provides it opportunities relating to trade, international cooperation and investments for promoting global stability and prosperity.
As China has the highest growth rate, as compared to other nations, the promotion of policy recommendations plays a major role in further increasing the growth of the economy or maintaining it. The country’s trade policy encourages the workers in respective sectors to produce more and get benefited from high prices of their goods in the global market. It’s increasing growth rate invites more implementation of policies in the economy, which ultimately help the economy in faster growing.