Why Manufacture in China?
Just two years after being granted membership of the World Trade
Organisation, China has already become the fourth largest exporter
in the World - recently pushing the UK into fifth place in the international
league of exporters. Current data shows that China has achieved
this progress with less than 20% of its total population in paid
employment.
The scope for China to increase its already impressive manufacturing
and export performances is therefore huge - as it continues to accelerate
the rate at which it brings more and more of its 1.3 billion citizens
into gainful employment.
Whilst, on the one hand this increasingly strong manufacturing
based economy poses a potential threat to many companies in the
West, if viewed constructively, it can also provide them with real
opportunity.
In the same way that many Western companies are feeling the need
to access lower cost sources of production, many Chinese companies
are looking for reliable outlets for their production capabilities
in the West - markets that they do not yet fully understand themselves.
These Chinese manufacturers are therefore often looking for reliable
business partners in the West - partners that are already established
in the markets that they cannot realistically access themselves
from so far away.
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