Interesting Facts About Manufacturing Companies in China

China has always been the destination for mass manufacturing and product development. With most of the world relying on China manufacturers for their production requirements, companies face great competition as they try to enter the market. with the expanding infrastructure for manufacturing and production all across the land, along with its outstandingly low labor rates, it is not surprising why many companies see China as a manufacturing haven and the place to go for all their production requirements. Below are some interesting facts about manufacturing companies and the manufacturing industry in China you should know about:

• China manufacturing is more complex and high-tech than ever. It is experiencing a huge paradigm shift from its traditional assembly base to becoming a full-scale manufacturing machine/center for multinational companies.

• Manufactured goods have already surpassed raw materials as being China’s top export item. In fact, the account for an excess of 80 percent of China’s total exports.

• Chinese companies are major global competitors in the areas of PCBs, component design and manufacturing, Network Hardware, surface mount technology, TVs, PCs, auto parts, refrigerators, and many others.

• One of the largest producers of manufactured goods in the world, Chinese manufacturing grows at least 12% on a yearly basis.

• Chinese exports from outsourcing can only be expected to grow by 45% over the next half decade.

• China manufacturing stands out from the rest of the world not only because of its dirt-cheap labor rates, but more importantly because of its large supply of highly skilled and extremely disciplined work force.

• Leading Chinese manufacturers invest in in quality assurance and special training for their personnel in order to ensure compliance with the latest standards.

• The Chinese government offers continued incentives to companies, both foreign and domestic as they work with local manufacturers.

• 400 out of 500 leading companies in the world invest in Chinese manufacturing.