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1.Much of China's traditional comparative advantage has relied on an abundant supply of low-wage labour. However, as China grows and as more of the population

1.Much of China's traditional comparative advantage has relied on an abundant supply of low-wage labour. However, as China grows and as more of the population has moved from rural areas to cities, there has been upward pressure on wages, which is likely to affect China's costs of production. Likewise, rising incomes will change consumer demand and thus the composition of China's imports. Write a report on China investigating the changing import and export patterns over the last decade, as well as likely effects on the nations with which China trades.

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