Why are Chinese merchandise exports so competitive in the world?

Why are Chinese merchandise exports so competitive in the world?

Is China the Largest Trading Nation of the World? Chapter 5, Pg. 149-150

Please answer the following questions:
1.Why are Chinese merchandise exports so competitive in the world?
2.Why does China’s service trade suffer a huge deficit?
3.More generally, how does international trade contribute to a nation’s economic growth and prosperity?

use the book Peng, Michael (2020), Global Strategy 5^th ed., ISBN 978-0-357-51236-4, Cengage Learning to answer the questions.Reference the book and a minimin of 1 paragrpah per questions

Requirements: 3 paragraphs

Subject: Masters Business

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