China manufacturing is becoming very complex and high technology oriented. It is
shifting from an assembly base to a full scale manufacturing center for multinational companies.
Chinese companies are now competing globally in Component Design &
Manufacturing, Surface Mount Technology, PCBs, Network Hardware, PCs, TVs, refrigerators, auto parts, and much, much more.
Manufactured goods have replaced raw materials as the top export item, accounting for more than 80 percent of total exports.
Chinese manufacturing grew 12% a year between 1998 and 2002.
China is now the fourth largest producer of manufactured goods in the world.
Its world market share in manufacturing has grown from 1.4% in 1980 to 7.3% in 2004.
China's exports from outsourcing are expected to grow 45% over the next five years.
China manufacturing stands out due to a large
cadre of skilled, disciplined work force.
Special training is focused on quality assurance,
with emphasis on ISO900X
The Chinese government provides continued
incentives to both foreign and domestic companies.
Of the top 500 companies in the world, 400 companies have invested and
manufactured in China
The growing competitiveness of Chinese manufacturers and its fast improving infrastructure are positioning China to become a key "world factory".