If you're looking for a manufacturer, manufacturing in China is a great choice. Not only is it cheaper but it's also easier to find a manufacturer. And with better intellectual property protection, manufacturing in China is also easier than it used to be. Read on to discover why it's better to manufacture in China. Whether you're looking to manufacture a physical product or an online e-commerce site, there are several advantages to manufacturing in China.
Chinese manufacturers offer cheaper manufacturing to attract business owners worldwide. With reduced production costs, businesses can offer more competitive prices and better deals, increasing their sales. In addition, China is considered the world's leading outsourcing destination, with a market that grows by 30% annually. In terms of cost, China offers businesses a huge competitive edge over their competition, with production costs up to 80% less than the average price of their competitors. In addition, China's manufacturing volume typically exceeds those of other nations.
While China's labor costs are likely to be lower than those in the United States, they are still a key factor in manufacturing costs. Most of the country's labor pool consists of migrant workers, who used to live on very little in rural areas but now willing to settle for cheaper wages in cities. However, as China's population ages, this supply of labor is declining, and the rise in wages is particularly stark.
Easy to find manufacturers
If you're looking for a wholesaler or manufacturer, China may be the obvious place to start. Last year, China exported over $500billion worth of goods to the United States. In fact, China is our largest trading partner and third-largest goods export market. As a result, Chinese factories can produce just about anything imaginable. But how do you find these companies and gain access to the Chinese market? Here are some tips.
First, check out their company's business type. Alibaba has two ways to check this. If the manufacturer is an OEM double-check the ODM and/or OEM option. You can also find the company's email address. This is safer than a personal one. Secondly, check to see if they have a company website. If you can, ask if they have a testimonial from other businesses. This way, you can see if they're a legitimate company.
Better intellectual property protection
If your company is looking to expand to China, you must consider better IP protection. While managing suppliers in China is never easy, it's even more complicated if you aren't based there. This article outlines three key IP practices to avoid, as well as strategies for ensuring greater protection. The US government has also enacted laws to protect foreign companies from unfair trade practices, including violating their intellectual property rights.
The first reforms that took place in China came in the late 1970s. The "Reform and Opening-Up" strategy were below implemented by Deng Xiaoping, who set the stage for rapid growth in the country. He also recognized the potential market for foreign goods and in 1979, WIPO's Arpad Bogsch visited China to discuss the possibility of establishing a patent system. In 1980, China joined the World Intellectual Property Organization (WIPO), committed to strengthening its intellectual property protection system. The government sent delegations around the world to observe and learn about patent systems in other countries.