08-11-2021, 06:14 PM
(08-11-2021, 05:56 PM)debono Wrote: China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....
More than just cheap labour, otherwise companies can go to even cheaper countries like India.
China has a complete ecosystem. A product as many components, and all the component manufacturers are located nearby. Plus they have excellent logistics and infrastructure. I'm always amazed at how efficient they are. Once I placed an order, after a short delay the item will be dispatched out and reached another province on the next day. So it's not just talk, they put it into action fast.