UPSC Practice recommends End of China honeymoon?.
China and MNCs built a mutually beneficial relationship during the past few decades. Between 1990 and 2019, China’s real GDP grew at an average of almost 10% per year, contributing more than a quarter of global GDP growth, and average household income rose from about $750 to $13,000. That dynamism was a magnet for MNCs, which flocked to China to capture part of the growth
Courtesy: Opinion-Economic Times