Chinese manufacturers
Today the world knows how Chinese manufacturers have captured almost each and every market with its low cost products. The credit goes entirely to the brilliance of Chinese manufacturers who have used the large labour force strategically and utilized the resources economically. But along with the local Chinese manufacturers, the credit for selling the goods at such a low cost goes to the efficient government and the export policies of China. If Chinese government would not have promoted volume exports with their initiatives such as duty free exports while heavy duties on imports, cheaper electricity, Chinese manufacturers could not have made their presence felt in every country. Be it toys, garments, automobile, electronics or food, markets are flooded with the Chinese goods. Even in our day-to-day life too we are somehow habituated to use Chinese products, whether its refrigerator or air conditioning units Chinese goods are very much part and parcel of our lives.
Chinese manufacturers have made the large population base as one of the most benefiting features when it comes to the productivity. Apart from the huge human resource, technological development too has given a boost to the manufacturing and productivity. At present Chinese manufacturers are using the combination of technology and manpower to cater world market with low cost products. One of the major tactics used by the Chinese manufacturers is to promote volume production, resulting in lower cost of production. The huge reduction in cost of production enables the manufacturers to pass on this price benefit to the consumers. Manufacturers in China are able to offer the goods at almost 50% as compared to what is being offered by manufacturers in other countries. The reduced pricing of Chinese goods are giving the Chinese products an edge over goods manufactured in other countries. In fact, Chinese good have captured major chunk of market in almost every economic sector compelling other countries to levy anti-dumping duties on various Chinese products to sustain in the competitive market.
Apart from the small or medium buyers from neighboring countries such as India, Chinese manufacturers are also selling their goods to some of the retail giants of the world like Wal-Mart, Carrefour and Metro. Besides other goods, white goods segment has emerged as one of the most important sector for the Chinese economy .As per the available data till 2006; Chinese manufacturers produced and exported white goods including refrigerator, air-conditioning and washing machines worth US $ 24.8 billion, which is expected to grow at the same pace. Meanwhile, Chinese manufacturers are heading towards entering in to other sectors in a big way like ceramic tiles (Chinese ceramic tiles are 50% cheaper when compared to the Indian ones), toys and even food processing.
Although now-a-days, the economic turmoil all over the world might have pulled the manufacturing in China a bit but in future, when the economy returns to its original level, Chinese manufacturers will continue to attract buyers all over the world with its low priced products. Again due to competition with developed countries like USA and developing country like India offering quality products, buyers can be 100% sure of the quality while buying Chinese product too.
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