China's Opening Process

China opening up its doors to the world has had a huge impact on its economy. The number of trade partners in the international market has increased, and along with that comes dramatic growth in the import and export business. Going away from the Autarky, pre-reform era, way of conducting business means a move in the right direction for foreign investors to move in and take advantage of cheap labor costs. This ultimately brings down the price of products returned to the retail markets in the United States.