Critically assess the relative competitiveness and socio-economic Essay - 1

Critically assess the relative competitiveness and socio-economic outcomes of manufacturing in chinaware - Essay ExampleThis manuscript mulls over these aspects while considering the socio-economic outcomes of manufacturing in China.Among the key factors that contribute significantly to Chinas relative competitiveness are its genial investment opportunities. Chinas favorable macroeconomics has significant positive impacts on its competitiveness (Dunning & Gugler 2008, 170). For instance, foreign manufacturers have the capability to negotiate with the Chinese government over tax benefits. As such, organizations may have more tax benefits, owing to their adherence to specific government norms. Various manufacturing firms have received priority in this aspect, thereby creating a suitable environment for manufacturers. Besides, the promotion of reinvestments in China significantly boosts its competitiveness. Firms within China may recover their taxes up to over 40 percent, owing to t heir reinvestment for next five years. The reinvestment of numerous foreign firms within China has significantly promoted its expansion, thereby critically boosting its competitiveness.Increased inexpensive and skilled labor overly boosts Chinas competitiveness. Survey shows that China has cheap literate labor as compared to other competing Asian nations such as India, thus making it a choice destination for foreign investors in manufacturing (Liang et al. 2014 1106). Besides, technological advancements have significantly boosted Chinas relative competitiveness. In the recent past, China has significantly meliorate its infrastructure, thereby providing a suitable manufacturing environment for foreign investors. The nation boasts of sophisticated road and water transport networks, with highly efficient communication networks.Many significantly reduce foreign investment, owing to diverse stringent regulations that tend to favor local firms. However, this concept does not apply in Ch ina, where it provides flexible