ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why did the Chinese decide to interact with their European neighbors?
A
A. They wanted new friends.
B
B. They wanted to have camel races.
C
They each wanted goods and rare material from each other.
D
D. They wanted to conquer new land.
Explanation: 

Detailed explanation-1: -China advocates that all countries handle their relations on the basis of the United Nations Charter and norms governing international relations. China advocates stepping up international cooperation and is against unilateral politics.

Detailed explanation-2: -They were getting goods in return, such as silk, porcelain, and later especially tea.

Detailed explanation-3: -Relations between the European Union (EU) and the People’s Republic of China (PRC) or Sino–European relations are bilateral relations that were established in 1975 between the PRC and the European Community. The EU is the PRC’s largest trading partner, and the PRC is the EU’s largest trade partner.

Detailed explanation-4: -Two reasons that Europeans wanted to increase trade with China are that the British wanted to set up western style diplomatic relations, and also find places to build more markets for the manufactured goods.

There is 1 question to complete.