Question

Is largely a key factor that leads to an increase in the unemployment​ level, intensified​ competition, and the entry of international companies into china?

Answer 1

Privatization is the biggest key factor that will lead to a rise in unemployment, intensified competition, and the entry of companies that are international into China. Privatization is when all outstanding shares of a company that is publicly traded that are outstanding are then purchased by private investors. The shares are no longer traded because the company is now private through private equity.