SourceA "Made in China" logo, Made in China Product of China or simply Made in China PRC (simplified Chinese: ; traditional Chinese: ; Pinyin: shi), a product of China is an item made by the original producer at the shop where it was manufactured. It is an example of Made in China merchandise that contains the label of the originator.
In modern business terms, a "made in China product" can refer to any of the following: -Fashion items made by Chinese textile and garment manufacturers; -Home appliances and furniture produced in China; -Computer and electronics appliances and peripherals manufactured in China; and -Work equipment and machinery that are electrically operated, water pump, and furnace. In addition, many countries outside of China have their own versions of these Made in China products. For example, a similar "Made in China product" can be found in Japan, Taiwan and Korea. These brands are considered attractive by many potential buyers and they could boost the popularity of the company's brand made in China.
The term "Made in China," is also used for products imported from China, which are assembled in another country. The majority of these products are automobiles, motorcycles, Jeeps, trucks, buses, office equipment, computers, watches and consumer goods. The composition of such products is not fully disclosed and it could contain ingredients originating from various countries. The major part of the items manufactured in China is assembled in factories located in other countries.
Many countries are interested in having Made in China products because of the possibility of having low-cost labor and excellent quality of the final product. Products that are made by manual labor are extremely low-priced and yet, reliable and efficient. Chinese workers are very hard working and the quality of their products is not inferior to those of Western industrialized nations. Also, labor costs in these factories are much lower than that of factories in Western nations. Because factories in Asia are so efficient and less costly, a lot of them are being set up in Asian countries such as Malaysia, Taiwan and Singapore.
A Made in China label could imply a lot of things. It could simply mean a product was manufactured in China. It could also mean that the product bears the Made in China symbol. China is one of the largest exporters of items with a Made in China symbol. It is estimated that China manufactures a billion worth of items with a Made in China label.
In terms of consumer products, a Made in China label is quite common. A few of the popular items produced in China include infant toys, flat screen televisions, digital cameras, watches, shoes and bags. China is South Korea's biggest manufacturer of automobiles. In recent years, South Korea has become one of the fastest-growing destinations for global manufacturers to locate. With the advancement of technology, the demand for electronics and manufacturing has increased in Asia. Many of the electronics that are manufactured in Asia have been designed and produced in China.
A similar trend can be observed in Italy. Italy is currently in South Korea's largest manufacturer of automobiles. However, in the past, Italy was renowned more for its furniture and construction-related products than its electronics manufacturing. The same will probably be the case in the near future. With the increasing globalization of the economy worldwide, it is expected that companies in different sectors, like electronics and furniture, will move from their respective homelands to areas where they can make a bigger business.
Globalization will continue to benefit the world. However, countries like China and Italy will gain more benefits from this. In the future, it is expected that manufacturing will move further eastward, leading to areas with cheaper labor and cheaper resources. Some may predict that the coming of China and Italy to the top of the global manufacturing hierarchy will lead to the rise of "asia envy" across major parts of the developed world.
No comments:
Post a Comment