Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

Why is China less expensive to manufacture items, products?

Do they deliberately make things affordable, but I don’t know when you go as a tourist Igor live there, it’s expensive ? I think 🤔

I love China , though
This page is a permanent link to the reply below and its nested replies. See all post replies »
SW-User
Cheap labour costs. Also their factory safety etc is much lower than in most other countries. I watched a video of a small guitar making plant on YouTube very little protective gear (glasses, dust masks etc) and no guards on the equipment to protect workers. Therefore machine and reusables costs are lower.

Finally economy of scale. Once you are undercutting other labour markets you can get orders from all over and therefore produce a lot of it so your unit price goes lower, undercutting another market, you get more orders,.... Etc etc