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Economic environment
The sustained high economic growth rate in the past decades shows
that China is a fast emerging economy. The high total GDP figure
indicates that the economy is performing strong. Emerging
economies are the focus of many MNEs because their growth
prospects and large potential markets.
However, Brookfield needs to take a number of factors into
consideration. Firstly, the rising wages is going to drive up the
labour cost. China used to employ large numbers of cheap unskilled