摘要
This month＇s column highlights some key factors that will continue to make China a competitive exporter even as the economic landscape shifts. We hope these tips will be useful in providing a basic understanding of China＇s complex business environment and how best to navigate it.THERE have been countless articles and books about China＇s reign as the fac- tory of the world coming to an end. While it is true that wage increases are making some of China＇s lower-end industries, such as textiles, less competitive vis-a-vis other low-cost countries such as Viet Nam, Cam- bodia and Bangladesh. China remains one of the top procurement sources for mid- to high-tier products. For instance, heavy equipment exports from China experi- enced a growth rate of about 30 percent in the last decade alone. Even as some of the lower-end industries move out, there is more to a country＇s competitive supply chain than labor costs, China maintains a set of key factors that will continue to make it a competitive exporter even as the economic landscape shifts.
This month＇s column highlights some key factors that will continue to make China a competitive exporter even as the economic landscape shifts. We hope these tips will be useful in providing a basic understanding of China＇s complex business environment and how best to navigate it.THERE have been countless articles and books about China＇s reign as the fac- tory of the world coming to an end. While it is true that wage increases are making some of China＇s lower-end industries, such as textiles, less competitive vis-a-vis other low-cost countries such as Viet Nam, Cam- bodia and Bangladesh. China remains one of the top procurement sources for mid- to high-tier products. For instance, heavy equipment exports from China experi- enced a growth rate of about 30 percent in the last decade alone. Even as some of the lower-end industries move out, there is more to a country＇s competitive supply chain than labor costs, China maintains a set of key factors that will continue to make it a competitive exporter even as the economic landscape shifts.
