For a lot of people a term industry in most cases has quite negative connotations. It connected with the fact that, above all, we mostly tend to refer it to factories, which offer plenty various greenhouse gases that are very harmful for the environment. It is true, but the purpose of this article is rather to discuss other aspects connected with the progress of this topic.
One really alarming fact refers to the situation of this sector of economy on our continent, where more and more factories and other this kind places are either closed or the number of employees is substantially decreased. The reason why it happens is not connected with the fact that there is no demand for commodities used inter alia in the building industry. It rather implies that compared with other countries European economies are no longer that attractive for the investors.
The reason why above mentioned situations happen is connected, first of all, with the fact that different countries like China become improvingly often chosen regards places where more and more funds is invested is that it offers quite attractive labor expenses.
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The reason why they are quite low is connected with the fact that China is a country, with the highest number of citizens on the globe. As a result, industry there has amazing conditions for development. This explains why increasing number of Chinese companies produce inter alia elements from steel.
Taking everything into consideration, Chinese enterprises are the most likely to remain the most competitive in the future in the area of industry. Nonetheless, also European companies as those that are the most innovative and may offer know-how that is obligatory to remain effective, have important role to play in the future. Thus, the future of this sector might be pretty interesting and belongs to the most important areas analyzed by experts from all over the Earth.