Most of the industries over the world have moved their production to China, and as everyone obviously knows, it is because of the low production costs.
Below are some of the reasons why prices in China are cheap:
Overpopulation
The population in China is up to 1.5 billion people. Big population leads to big quantity of low class and middle class workers which clearly shows there is a big workforce.
Chinese’s copy culture
The old famous Chinese culture of copying everything, from products to work processes, incites the manufacturing industry to be more competitive.
Government support
In order to promote and increase the manufacturing industry, the government subsidizes high prices of water and electricity, plus they provide tax refund laws to exporters.
Do you want to move your production to China? Please visit our website for our assistance.
Below are some of the reasons why prices in China are cheap:
Overpopulation
The population in China is up to 1.5 billion people. Big population leads to big quantity of low class and middle class workers which clearly shows there is a big workforce.
Chinese’s copy culture
The old famous Chinese culture of copying everything, from products to work processes, incites the manufacturing industry to be more competitive.
Government support
In order to promote and increase the manufacturing industry, the government subsidizes high prices of water and electricity, plus they provide tax refund laws to exporters.
Do you want to move your production to China? Please visit our website for our assistance.