Chinese Companies: China and Middle Classes

chinese companies: But the increased wealth of its burgeoning middle classes has led to skyrocketing demand and an explosion in the value of the product, creating a powerful industry, according to The Independent. China consumes almost five million donkey skins a year each worth up to 3,000 on the Asian market, according to some sources. Eijao, obtained by soaking and stewing donkey skins, has been used for medicinal purposes in China for centuries. Donkeys are hard to breed, so China has turned to poor corners of the world to meet demand. And in the often impoverished rural parts of northeast Brazil, that has had devastating consequences for the animal's chances of survival and the region's way of life. A concerted campaign by Chinese companies, allied with political pressure, has seen hundreds of thousands of donkeys exported from Africa and South America. (news.financializer.com). As reported in the news.

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