Growth of China in world of Business

China has emerged as one of the most prominent destinations for doing business with an international partner. The industrialization and availability of cheap labor has propelled them in the manufacturing sector to a point where they are meeting the global demand efficiently. China has been witnessed as one of the fastest growing economies in the world and has been expanding their base into other countries as well. China has also been touted as the leading exporters and is considered highly for their international manufacturing service.

Because of their cost efficient labor, they have been able to become one of the largest trading countries after United States of America. China has an active presence in the international market and many of their companies are hugely successful in the world of business. China is solely responsible for changing the rules of the manufacturing sector globally and has contributed to the growth of nation manifolds. So much so that many countries are relying on the production services as offered by China so that they continue strengthening their core competencies while allowing someone else to handle their production process.

China’s industries have been making strong name for themselves in the world market with its agricultural sector at an all time high. They are not just the leading producers of products and services; they are also leading makers of crop that are being exported all across the globe. They also have large industries and fall on the third number for its industrial production in the world. The major industries that have led to the growth of manufacturing sector in China is steel, textiles, machinery, apparel, petroleum, food processing, chemical etc. China is also giving the world run for its money by making forays into the automobile and transportation sector such as ships, locomotives and aircrafts. They have also started competing with Boeing because of its world class manufacturing services.

The spectrum of China’s manufacturing sector is so broad that they can produce everything from small toys to big aircrafts and in some cases, whole factories. They have been sending finished goods to nearly all the countries in the world. Many companies use Chinese services because of their low cost labor and the ability to meet the demand of the client. They also have plenty of room for flexibility which allows for customization which is a big factor in making them the world leaders of manufacturing service. Globalization plays a huge role in making China the favorite for either manufacturing service or even assembling of the product in order to save costs of production.

China is a classic example of eastern dominance over the world market when it comes to international manufacturing services. They are capable of producing costs that are low quality and serve the purpose to extremely high quality products like aircrafts and other machinery. China surely has made a spot for themselves as a reliable partner for the world to acknowledge and form long term business with. China will not fail to amaze you with its ability to create.

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