China’s emergence as a manufacturing powerhouse has been nothing less but outstanding. It has very recently overtaken the United States as the world’s largest producer of manufacturing goods. It has also used its huge manufacturing engine to boost living standards by doubling the country’s GDP per capita over the past decade, which for the UK took nearly about 150 years. It intends to follow in Japan’s footsteps by moving from a country known for cheap labour to a country known for the production of high-tech goods. In China, manufacturing creates $500 billion in services demand, and services demand $600 billion in manufactured goods.
Several companies in China want to add more meaning to their manufacturing by replacing the phrase “Made in China” with “Created in China”. Proof of this is that in the field of terminal devices and mobile phones, China ranks among the top five when it comes to sales which, as their experts predict, will advance to the top 3 in 2015. China is also looking to skill up its workforce and move into more high-tech goods. Companies like Huawei had an astounding sale of 60 million phones last year, of which 20 million were smartphones. They are likely to sell 60 million smartphones this year. With such all-round development in China and with several industries pumping in funds to have their units’ setup, China can only improve from here and reach a status where the phrase “Made in China” no longer raises an eye brow.
With so much manufacturing happening across China, it is only logical for the tech powerhouses to invest huge amounts of money in this rapidly developing nation. But do you where to find a manufacturer who fits the bill both monetarily and productively? We have a plethora of franchises that can help you manufacture your product according to the design brief, give you rapid prototypes and close development in a short span of time. Come, join hands with us and change the way people perceive your product.