Answer to Question #176814 in Political Science for Tumi

Question #176814

What are China’s Trade policy and how does these policies affect Western Business?


1
Expert's answer
2021-04-01T10:14:14-0400

Open door policy where trade liberalization was launched to minimize tariff rates, import mandatory plans, import quotas and licenses.


Their policies has negatively affected Western powers by slowing the GDP rates since most trade partners now has opted for China.


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