Manufacturing agglomeration offers both positive and negative externalities to high-quality development in regional economies. “There’s been talk that the US-led decoupling is a delusion, but I don’t agree.
This supported car companies in achieving various technical and product upgrades, such as developing new-energy vehicles and their accessories. By 2012, China had already “formed a sound manufacturing chain” for the solar photovoltaics (PV) industry.
This information can often be found on their website or through independent auditing organizations. Copyright infringement is rampant in the region so be cautious if you have IP to protect. Labour intensive consumer goods, textiles, metals, glass products, furniture, motor and bicycles, electronics, household appliances, construction materials, paper products etc. The PRD is transitioning away from labour-intensive consumer goods and now specialises in high-tech electronic equipment, machinery, and auto parts. The region does, however, still lead the way in the production of footwear, lighting, and toys. It’s also a good place for sporting equipment, stationery and art ware, construction materials and furniture (amongst other things). You can also read our guide on how to find the a Chinese manufacturer for your business.
People and places
It starts with knowing your product inside out and being clear on your exact requirements and specifications. Armed with this knowledge, you will have the confidence to reach out to manufacturers that you feel can meet your production criteria. The quality of your product will be one of the key drivers for the success of your business. Ensuring you have a robust quality control (QC) plan from start-to-finish will help you achieve that success.
Factors to Consider When Negotiating with Your Manufacturer in China
This is something you can do locally or something you can do in coordination with your manufacturer. Creating a prototype gives you the opportunity to review and test the physical product, find any defects, and resolve any design issues. Once your prototype has been fine-tuned and perfected, you will be more confident commencing large-scale production. But no matter how well-established China’s manufacturing industry may be, it can still be extremely daunting for new businesses to figure out where to begin. To help you navigate through the waters, we’ve put together the three most important keys to success when embarking on your manufacturing journey. Read more about China Sourcing Services here. If you need fast access to local expertise, labor, Chinese customers and distribution channels, consider a joint venture with a local Chinese partner.
Among different level of China manufacturing companies, the direct factories can offer a relative lower price, but offers from brokers(trading companies) are at least 20%~30% more expensive than real factories. When you look for a contract manufacturing company in China, you can get few quotes from different supplier. I know you might not choose the cheapest one, or the most expensive one. You can find some Chinese manufacturing companies from B2B platform(Alibaba, Made-in-China, Globalresource) or search engine (Google, Yahoo, Bing). And sort out few potential supplier and try to visit them in person. If you need a high quality manufacturing services, we would suggest you go for Southern China’s manufacturer.
For example – If a company manufactures 10,000 widgets, the cost per widget would be lower than if the company manufactured only 1,000 widgets. From the likely end of interest rate rises in the US to improving economic data – we see reasons to be bullish about the outlook for emerging market fixed income in 2024. We explain six reasons why we’re expecting double-digit returns for the asset class.
