McDonalds, the leading fast food industry nowadays, is a Trans case Cooperation. Due to the lower output signal costs and potential market, McDonalds has been expanding its production and alloting line in China.
It is seen to see it bring frontwards a positive consequence to China.
Economically.
The existence of McDonalds on Chinas smut increases the employment rate (though the Central authorities keeps claming that the unemployment rate is 0). consort to the official report, there be nearly 50000 citizens engaged in the McDonalds sector in more than 680 branches in China . Besides, the tax income from the incoming industry directly spurs the Governments revenues; in 2000 alone, McDonalds had already gainful over one-fifth billion RMB to the Central Government . These two benefits can directly increase the national GDP and the Government then can reinvest the capital into the public sectors such as education and medical care and therefore to push the miserliness to move further. Nonetheless, to look behind the fancy benefits, there whitethorn have a heavier weight of defects to Chinas economy. From employment perspective, since most of the McDonalds staffs are teenagers and students, who success skillfuly competed with the older group, may lead to an unemployment of elderly, and since the old tribe didnt have chance to receive high education, they lose the warring ability.
Plus the no pension system in China, elder people may probably be forced to afford poor jobs such as to collect cans in streets and sell them for living. Besides, due to the low wages and short working hours in McDonalds, (probably under 13 hours a week), people may not sufficient to feed their own families. And as they counted the under-employed inside the employed group, the huge number of employment rate could be fair(a) a meaningless figure. From the capital-flow...
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