Why everything is made in China?

Why everything is made in China?

It can often seem that whatever you look at around your home has some indicator that it was “made in China”. This includes toys, electronics, clothes and much more. Indeed, it can sometimes appear that almost everything is made in China. There are several reasons for this. China has a relatively huge population and this leads to cheap labor. After all, it is better to have a job that doesn’t pay very well than to not have one at all — and jobs are not so easy to come by. Although the labor is also cheap in places like India and Africa, the truth is that the industrial stability of those other countries is very poor. China has a solid foundation in industry and the necessary support for factories to survive. China also has few companies active in research and development, which means the factories are more production lines than anything else. They do not invent or develop much technology which enables these costs to be overlooked and the overall cost of production to fall. A more...
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