Buy custom Tariff and Non-Tariff trade barriers
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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 544 |
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According to Mark (2007), the Chinese currency, Yuan, is undervalued where its true market value should be higher. The undervalued currency has helped Chinese exporters in the way that they gain competitive advantages due to lower exporting prices. Disregarding the fact that the currency of Yuan is intentionally controlled by the Chinese government or it is a normal phenomenon, the currency has formed a trade barrier to other countries because they no longer possess competitiveness when they tried to export their goods to China due to higher prices...
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For instance, China is lack of strict regulation on intellectual property rights protection, which the country’s software piracy rate is as high as 80% (Mark, 2007). This issue has effectively discouraged MNC in the related sector, such as software development company and other I.T. related firms to enter the Chinese market...
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