摘要: |
The race to manufacture and source products in China started in the late 1990s and continued for two decades.As China ascended to the World Trade Association in 2001, accessibility of this low-cost labor and low-cost operations country looked very attractive to global manufacturers, and many companies set up factories in China or began sourcing Chinese parts and products.Over this period, Chinese manufacturing became more sophisticated, the quality of products improved dramatically, and Americans and Western Europeans were welcomed with open arms. China was the low-cost and best solution for manufacturing.However, as China moved up the maturity curve, Chinese workers became more skilled, and manufacturing processes and machinery became more advanced. The Chinese economy strengthened, and nearly 150 million people were lifted out of poverty and into the Chinese middle class through employment in factories mostly in the eastern coastal areas of China. This was the Chinese Industrial Revolution on steroids, and as industrialization gained momentum, labor rates started to rise for Chinese workers. |