Hey I am on Medial • 1y
Well that is an amazing and interesting question. The Chinese products are cheaper because they are having economy of scale that is their costs of Factors of Production is reduced due to producing in higher quantity. Also their government provide subsides to producers which give them edge of charging lower prices and capturing more of the market share. Also their labour is well trained and having latest level of technology so thier production effectiency improves which also results in lower waste materials which also add up to charge lower prices.One last thing is that the components they require for production is also produced in China which give edge to overall china products.
Founder - Burn Inves... • 2m
The more trade tension there is between the USA and China, the more it is benefiting Indian exporters. The USA has imposed tariffs of over 200% on China. Apple and some other American companies are now sourcing a lot of goods from India for their own
See MoreCHAIRMAN - BITEX IND... • 1y
“China Manufacturing strategy breakdown” Do you know China is Earning whole India gdp with the help of manufacturing. Basically China is entrepreneur economy and around 29% global manufacturing belongs to china worth ( 4 Trillion dollars ). Chin
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