The Future of Chinese Manufacturing

By | June 11, 2012

In case you are interested in the Chinese workforce and you are looking to read some Chinese work advice articles, you can either choose to click here to visit site that is specialized in displaying such information, or you could see if the data you can find here could help you in any way.

First of all, you need to know that the future of Chinese manufacturing is not prone to face any massive exodus to cheaper countries. According to the latest surveys, it would seem that manufacturing that is currently undergone on the Chinese soil is going to keep on being a highly popular economical activity during the next century. The existence of strikes and the growing labor costs are of course part of the reality that is characterizing the Chinese workforce. The future is not looking any brighter either, according to the latest research that was completed by a leading body of economists. At present, manufacturing stands for around 47% of the gross domestic product in China, and specialists that are part of the China Regional Forecasting Service for the Economist Intelligence Unit claim that massive exoduses of manufacturers to some cheaper areas of the world is not likely to occur during the many years to come. Countries such as Vietnam or Bangladesh and India are not likely to replace the Chinese workforce anytime soon, and increased labor costs will not pose a serious threat either. You could search for the official statistics and results of the surveys and get more info on this matter, if you need to. You could click link talking about the increased labor rate for apparel manufacturing on the Chinese ground, for instance, and learn that the rate has been actually increased by 14% during the last recent years, reaching $1.84. If we were to compare the Vietnamese rate with the Chinese one, we could notice an amazing difference of up to 4 times in terms of greater costs of employment in the garment sector. Moreover, it would seem that the Chinese labor rate is still cheaper as compared to the Indian rate. Nevertheless, India is expected to develop a larger manufacturing sector in the future. Hence, a Chinese garment company could be expected to move its headquarters to Vietnam, if things will remain unchanged in the future. This company is also likely to obtain better financial results, especially if its managers decide to move deeper into some more sensitive service industry businesses. An Obama phone might hence be cheaper to buy in Vietnam or India, but that does not mean that the Suboxone treatment is going to going through a similar process of getting cheaper. The changes that are likely to occur will be gradual ones and they will shape some new trends in 10 to 15 years.