Made In China - The Emergence Of Mighty Chinese Economy

China is a major economic power. Many economists describe China as a 900-pound trading gorilla. The world is now overwhelmed by China\'s manufacturing prowess. China swamps the world with her high quality but cheaper products. China\'s economy is potentially ten times the size of Japan\'s. For the developed nations the emergence of China as a manufacturing giant yields net positive benefits from the more refined global division of labor.

This is most clearly seen in how the industries in USA, Western Europe, Japan and Taiwan have preserved their competitiveness by shifting the labor-intensive manufacturing components of their production chains to China. The developed nations have expanded at home the higher value added components of research and development, marketing and distribution.

The major challenge to the governments of the developed nations from the rise of China as a major manufacturer is how to upgrade the skills of the workers who have lost their jobs in the manufacturing sectors. This challenge is in no way different from the structural changes that are needed to accommodate improvements in technological innovations.

One should not oppose technological progress in order to save obsolete factories & industries. Similarly one should also not oppose free trade in order to save non-competitive industries. Opposing free trade will be detrimental to the nation that is opposing in the long run. While some jobs could be saved by opposing free trade it will curtail the creation of new high value jobs.

World\'s Largest Database of Chinese Manufacturers

The emergence of China to take its place in the international economic system will permit further specialization of jobs in the workplace. This is a huge wealth-creating outcome. The country that can provide its labor force with the depth and range of scientific training required in the new workplace will be able to receive some of the newly-created wealth. The country that is slow in building up its scientific and technological capability of its workforce will be left out of the economic boom.

Directory of Manufacturers in China - http://www.china-bay.org

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