1. Lower Production Cost
Expect to spend less on molding and manufacturing when using a Chinese company. Other companies known for manufacturing such as USA, Japan, and Germany are almost always significantly more expensive.
2. Faster Production and Scalability
Lead times on production orders made in China are usually less than that of other countries. China makes it easy for businesses there to grow quickly, build new facilities, and expand with few obstacles.
3. Willing to Work with Smaller Companies
Many manufacturers only want to work with large, well established brands. China’s manufacturing entrepreneurs are often more willing to work with start-ups and people at the beginning stages of development in hopes that the business grows over time.
4. Pro-Business Government Policies
China’s laws, rules, and regulations make it easy for businesses to grow year after year by not placing unnecessary restrictions on them and by supplying valuable incentives to manufacture in China.
5. Abundance of Skilled Talent
China graduates more skilled laborers from university than anywhere else in the world. So many new engineers enter the world force every year in China that the large supply of skilled labor available keeps the cost for such services affordable.
Over the last 30 years China has been the pinnacle of stability around the globe. While other countries often change leadership and policies, China’s consistency in this area gives business people confidence that what they invest in now will not change in the years to come.
7. Modern Infrastructure
China has been at the leading edge of creating roads, bridges, and highways that efficiently transport people where they need to go. They are also known for their state of the art public transportation system, so you can have confidence that even if your interests are in several cities or provinces, you can travel between them easily.
8. Abundance of Raw Materials
Basic commodities such as metal, wood, and chemicals cannot be found anywhere at cheaper prices than in the Chinese open market. Whatever the raw material is that you need for your company, it is most likely produced in China and can be purchased there at a fraction of the price than anywhere else in the world.
9. Product Quality
There is a misconception that Chinese products are cheap and often break. This is due to past notions about products produced during the developmental stage of China’s growth. Now China is a global superpower that has all of the same or better technology and innovation as the rest of the world which allows them to supply products of the same quality as other developed nations.
10. Language Barriers Disappearing
In the past, communication with Chinese factories created a language barrier. Now with the push in education to train everyone to speak English, it is almost universal that an English only speaking business person can effectively communicate directly with people who work inside of Chinese factories.