History (China)

Do you know China which is now well known as the ‘world’s factory’ wasn’t the same when it started?

China has a long Manufacturing History dating back long before the current political system. Its recent impressive catch up was accomplished by deliberate choices. Yes, this was because dates back to the time of 100BCE, all the trade took place at the Silk Road. However, the Silk Road is one example of the long history of manufacturing within China. This route passes from the Eastern border of China, India, Persia, and the Roman Empire. As a result, there were disputes between the countries regarding trade.

But after a certain time, China managed to proser its trading sector until the People’s Republic of China was introduced in 1949. During the rule of 40 years, China has experienced misfortune and had to go through literal poverty times.

However, during 1971, things started getting better for China as they could now trade between the countries and hence required a good manufacturing setup in the country. This permission for trading resulted in a boom in automobile manufacturing.

During 1992, in less than a decade, automobile manufacturing hit the milestone of a 1million+ output leap. And since then, China hasn’t looked back.

China’s manufacturing rates had hit 19% of total manufacturing around the world leaving behind the United States manufacturing rate. And then China shifted its focus to appliances, smartphones, and tablets. This has allowed the Chinese economy to benefit from world economics.

Though this left China and America’s relations in complications because of setting up the manufacturing unit in America. But still, China leads the manufacturing industry around the globe.

With more and more industries competing globally against each other in today’s markets, every opportunity that present a cost saving is considered. This is why China’s manufacturing industry analysis show that it has grown and impressive the way it did and why it will, in future, probably expand even more and contributing to an unique manufacturing history.

China’s manufacturing industry analysis shows that it is the strongest across time. However, it is clear the economic reform brought into effect in the 70’s was greatly beneficial.

Most first world countries simply cannot compete with them as their economy revolves around highly skilled workers with relatively high minimum wages. Furthermore, there is only so much a worker can do in a day due to specialization, hence the model of Chinese manufacturing is favoured in many industries. Given the current expertise and that productivity is growing faster than wages, it is unlikely to change any time soon.

By this, you must have got that markets have a nature of remaining uncertain but if you are thinking to trade or manufacture your products in China, then this could be best motive to make your life better and easier with your high elevation business.

Aexim International Limited

With over 16 years of experience Aexim International stands proud to be one of the most Innovative trade solution provider in China.