Significance of China Manufacturing
From the past many years, China manufacturing products have set ready to face the new age of challenge and
are integrating fast into the international marketplace. The main reason for the huge demand for these products was its competence in providing ample supply to different parts of the world at a comparatively low price. Moreover, China manufacturing companies draw on much more advanced technologies than many other
low costing producers.
The business planning of China manufacturers is executed in a competitive fashion, where they have autonomy on themselves. These producers were enhanced to confront both the large-size and small-size competitors all over.
China manufacturers are betrothed in the production of high efficiency products embarking on a mission to distinguish their products from their international competitors for qualitative purposes. They discriminate themselves from other small-sized producers. At the concept level, they balance various basic factors of product design, which can be quality, reliability, and performance, apart from its price. Typically, China manufacturers employ the strategy to export the products without assembling its apparatus so that they can minimize the cost and time required.
Current Scenario of China Manufacturing
The following are some of the facts and figures which illustrate the significance and the present trend of the China manufacturing in the world market:
• Due to slowdown of the economic growth in USA, China promises to surpass the U.S. and is predicted to become the top manufacturing country in the coming years – Financial Times.
• As per CFLP (China Federation of Logistics and Purchasing), The Purchasing Managers’ Index (PMI) of China’s manufacturing sector climbed 2.4% points month-on-month to 41.2% in Dec 2008.
• As per the National Bureau of Statistics – China, there is an increase of 6.1% in the country’s economy from first quarter to the second quarter, which is the quick enhancement than the rest of the world’s economy.
• Chinese manufacturing companies are stating that, this year (2009) orders from many European and USA are increased from their precipitous fall.
• The largest manufacturing statistics in China reveals that, China is the world’s 4th top nation in the manufacturing sector, after USA, Japan and Germany. The sector has attracted foreign investment from all around the world.
• The first expansion in 9 months, the output index of China manufacturing increased from 44.8% in March 2009 to 50.1% in April 2009.
• The total investment in fixed assets was 3708.20 Billion Yuan between January 2009 and April 2009, which is a rise of 30.5% – Statistical Department, China.
• China manufacturing has a wealthy advantage of business innovation, involving the resemblance for creativeness and reversal engineering and an economical operating atmosphere.