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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
As of the end of 2019, China's SOEs represented 4.5% of the global economy. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 [30] and generated 40% of China's GDP of US$15.97 trillion (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.
Yiwu International Trade City (Chinese: 义乌国际商贸城), also known as the Yiwu Market, is the primary wholesale market complex in Yiwu, Zhejiang, China. According to the World Bank, it is the world's largest small commodities market. [3] [4] In 2022, the market sold around US$70 billion of goods. [5]
As China's carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive exporter in the world last year despite punitive trade tariffs.
For articles on words and phrases related to a specific area of China, or to a specific spoken variant, please refer to one of the subcategories. Subcategories This category has the following 14 subcategories, out of 14 total.
AVI stock/istockphotoWhen you’re part of an elite club (like being ultra-rich), certain words and phrases take on a whole new meaning. These code words, which relate to exclusive lifestyles ...
BYD—the market leader in China’s EV sector—also asked suppliers for a 10% discount, according to an email from the carmaker’s executive vice president He Zhiqi that circulated on Chinese ...
The China Interbank Bond Market (CIBM) (Chinese: 银行间债券市场) is the largest domestic bond market in China and, as of 2022, is the second-largest in the world, only trailing the United States bond market. The CIBM has over US$21.5 trillion in outstanding volume as of the end of 2022. [1]