China manufacturing activity has increased three fold in
the last ten years, undoubtedly making China the largest manufacturer of
consumer goods in the world. The reasons are not hard to imagine. With a
population that constitutes nearly one fifth of the world population and a
relatively poor economy, Chinese labour is pretty cheap. With China’s current
stronghold in the production of electrical, telecommunication and computing
related products, there is an abundant raise in the nation’s economy with
China’s production increasing to 11% of world’s manufacturing in 2005, from just
3% in 1995. Every year China manufacturing is increasing by 20% and the fierce
competition in the country’s manufacturers is taking China product development
to advanced levels.
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