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A huge labor force that is willing to work for cheap wages, however as wages there are creeping up you can expect to see the sweat shops of the world being relocated.
In order for you to truly understand why things are made in China, you have to understand history. China was the greatest civilization on the earth for thousands of years. They have made things that would take westerners, and other foreigners 100 more years to figure out how to make. The fact of the matter is, the Chinese people are educated, dedicated, and efficient workers. Even if you double their wages instantly, you will still see many things made in China. If you study Goldman Sach's report on the future, then you will see that China is set to claim 25%+ of the world's total GDP in the near future. Although textile companies and other manufacturing may shift to other countries, you can expect China to displace countries like Japan, and Europe in making fine quality goods as the Chinese have historically made. In 20-30 years time, people will not be after a Ferrari, but a Chinese car that no one has heard of yet. Another reason things are made in China is possibly political. Perhaps they have an arrangement with the U.S. government and other foreign governments for loans. If you have not noticed, China owns about $2trillion+ in U.S. treasury bonds, and have extensive investments in countries throughout the world. It's a 2 way street. China isn't just about manufacturing. They are contributing to the world in all sorts of ways.
In recent years, the tendency to move the manufacturing plants back to Europe and North America. The aim is to reduce unemployment and fight the economic crisis.
It's because of the labour costs, and source of raw materials. We have extensive experience in helping people get their products made in Asia, and almost always, it's cheaper in China. http://www.asiamtm.com
This is an important question to ask, as the answer reveals much about our particular moment in history. Not long ago, most stuff was made closer to home. With the advent of cheap transportation and the removal of many barriers to international trade, it became possible for many in developed nations to buy stuff from far away. There are many developing nations in which the cost of labor is much lower than in developed nations. China is, of course, the most populous country on Earth. It stands to reason that much of the supply of stuff comes from there.
So, to reiterate, the three main factors at work are as follows.
- Cheap transportation
- Elimination of trade barriers
- Differential in cost of labor
An important follow-up question might be, "How long can this go on?" Cheap transportation currently depends on the exploitation of fossil fuels, a nonrenewable resource which will eventually be depleted. Further, if the standard of living rises for laborers in developing nations, their labor may not remain cheap.
One of the reasons why we are getting so many things from China is because of the economy. China makes products for a cheaper price. To learn more, click on the site below.
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Why are so many things you buy in the US are made in china?
Because it is cheaper to make in China.
What is the most talented country?
China is because there the one who made gunpowder and compass so many other things to.
Why was the Silk Road so important in China's development?
it helped them trade things and get things that they needed and they made clothing out of it
Why did every country want to controls a short way to China?
Because they wanted to get all the riches and items china had or made so that there country would have a lot of things and china doesn't.
Why does Canada export and import so many things from china?
Its because it costs less to import and you make a lot of money exporting to China
How MANY SONGS did China Anne McClain MAKE so far?
hes made 5 so far
How did prince shotoku interest in all things Chinese impact Japanese culture?
he brought many things from china that Japan didnt have so he sent scholars over there to get things like Buddhism and more ways to rice farming
Where are Beyblades made?
they are made in china it says so on the box hope i somehow helped
Are things in China costly in price or not?
Things in china are very costly. They are very rare so they sell for a lot of money.
Why are so many toys from China?
China is the most populous nation in the world. It has more than 3 times as many people as the US does. This large population makes possible huge industrial productivity. So China makes lots of things, including lots of toys.
What made North Korea and South Korea put a armistice line?
Basically the US (hence UN) didn't want to make things more complicated than things were, so made a deal with China and Russia. So, NK stayed communist (like China and Russia) while SK stayed decomtratic (like the US).
Why are so many products made in china?
Because the labor is cheaper so are the parts of the products. The Chinese worker must work at least 12 to 13 hour; so ending product is a lot of production faster and cheaper. So many products are made in China because in China, people can work faster, for a longer period of time, and for less money than the U.S!
