China has the lowest labor rate and a thriving market for industrial components. So if your business is involved with manufacturing, this one is for you
The cost of labor and energy in China is far lower than other countries. The country also has a ready supply of skilled manpower at competitive prices. The government's policies on trade and investment also help to attract manufacturing companies to the country
China has a very large number of small factories, so it's not uncommon to find sub-contractors offering their services as well. This means that it's possible to manufacture products with minimum investment and maximum flexibility. Also, because there are so many small factories in China, it's easy to find someone who can produce a specific part or product for you without having to deal with the whole supply chain yourself.
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