The Instigator
einnap
Con (against)
Tied
0 Points
The Contender
rickjamez26
Pro (for)
Tied
0 Points

Should British firms trade with China?

Do you like this debate?NoYes+0
Add this debate to Google Add this debate to Delicious Add this debate to FaceBook Add this debate to Digg  
Post Voting Period
The voting period for this debate has ended.
after 0 votes the winner is...
It's a Tie!
Voting Style: Open Point System: 7 Point
Started: 2/3/2014 Category: Economics
Updated: 2 years ago Status: Post Voting Period
Viewed: 409 times Debate No: 45121
Debate Rounds (5)
Comments (0)
Votes (0)

 

einnap

Con

Although there are many reasons that British firms should trade with China, I believe that there are more reasons why they shouldn't.

Firstly, the attractiveness of business trading with and working in China was the fact of cheap labour. However, recently- Chinese workers have been given a rise in annual salaries, which makes the cheap labour less attractive, as British businesses could easily go to other countries with cheaper labour costs in order to keep their costs down and their profit margins high.

Another point is that China has many ethical and environmental issues that do not comply with human rights legislations in the UK. For example, there is a rising middle class in China which would mean that more people are driving cars and therefore contributing to the rising pollution issue that China has been dealing with. UK Businesses trading with China would just encourage more pollution and would continue to harm the environment which would have long term problems.
rickjamez26

Pro

I accept your challenge.

I believe that trading with China would be mutually beneficial for both the Chinese and British. Considering the issues that ensue both nations, I can see many reasons why they should.

1st Argument:
Despite the raise that has "supposedly" been given to Chinese workers, China is still one of the cheapest places to outsource a job to. Profit margins wouldn't be a problem unless somehow the Yuan raises in value enough to be even a little closer to the value of the Pound. But, this is highly unlikely in the future considering they just recently lifted their infamous "one-child policy." (1) The rise in population will put an even worse economic strain on China and their currency will have no hope in gaining value. Therefore, the British firms will only benefit by gaining a profit, either marginally high or marginally adequate, and it will also be beneficial to the Chinese as it will keep jobs available to their ever-expanding economy. Win-win.

2nd Argument:
Britain is without a doubt a very small country compared to China. (No offense) And without a doubt, China has more resources than Britain (2). Many times stranded with internal resource crunches, world class firms, (especially the ones in Britain), outsource to gain access to resources not available internally. This will open up a whole new world of resources for British firms to utilize with a low operational and labor costs that come along with outsourcing to China. Again only bringing benefits to British firms.

(1) http://www.independent.co.uk...

(2)https://www.cia.gov...
Debate Round No. 1
einnap

Con

einnap forfeited this round.
rickjamez26

Pro

rickjamez26 forfeited this round.
Debate Round No. 2
einnap

Con

einnap forfeited this round.
rickjamez26

Pro

rickjamez26 forfeited this round.
Debate Round No. 3
einnap

Con

einnap forfeited this round.
rickjamez26

Pro

rickjamez26 forfeited this round.
Debate Round No. 4
einnap

Con

einnap forfeited this round.
rickjamez26

Pro

rickjamez26 forfeited this round.
Debate Round No. 5
No comments have been posted on this debate.
No votes have been placed for this debate.