China is a developing country, and its per capita income and national income still vary from year to year, however, there has been a general increase in their economy in recent years. China is the second largest economy in the world because of its manufacturing and production, as well as its trade. China also maintains close trade and business relations with Mexico. The China Mexico collaboration takes a huge portion of the IT sector, and helps to move China’s investments throughout the world.
China’s current economic growth rate is around 7.7%, annually, and is largely contributed to by China’s enormous manufacturing industry. Various research studies show that companies who take advantage of Chinese manufacturing are able to increase profits greatly. However, it is not always easy to establish manufacturing operations overseas. Many companies have difficulty in working with engineering and construction companies when establishing their own manufacturing operations, and some have difficulty dealing with manufacturing companies currently residing in China. China manufacturing and productions is capable of replicating and producing large numbers of a product very quickly, and at very affordable costs, especially when compared to similar manufacturing companies in other countries. This has allowed China to trade with various multinational companies, and become a leading country in international trade.
Today, China has control of the production and manufacturing of various electronic and plastic products at very low costs. China manufactures computer products, as well as various other IT type products. With such low costs for manufacturing and production, China has been able to emerge as a source for manufacturing and production for the entire world. China produces various products, such as mobile phones and spare parts such as batteries, microphones, Bluetooth headsets, PCBs, memory cards, cameras, and various other everyday use products. China has become adept at managing these products and workers in order to deliver products to meet the demand for each one. China has superb manufacturing capabilities, and is able to fulfill client orders efficiently.
Coin machines are also produced in China. These are in demand machines for malls, arcades, and various other companies who use “tokens” rather than actual currency to allow customers to use their machines. China is also efficiently set up to manufacture motorcycles and automobiles, as well as electronic equipment. In addition, China is one of the highest producers of minerals and metals, so much so that it is less expensive to purchase and ship steel from China than it is to purchase and ship steel from Pittsburgh in the US. China manufactures stainless steel coils, sheets, billets, and various other stainless steel products. It has also established itself in the textile and leather industry as a top producer. Chinese spices are in great demand these days, and has become one of China’s top exports. Looking at Chinese manufacturing and production as a whole, it is easy to see why China has become an integral piece in the international trade market. China has its hands in manufacturing and production in almost every industry.