Chinese Manufacturing Sector Cope With The Rising Cost Of Strategy

Chinese Manufacturing started to boom in late 1990's with hundreds and thousounds of products exported to countries around the world, which made China awarded "the Factory of the World". Products made in China tremendously helped the country's economic development relying on the advantages in cheap costs in labor, raw material, land and weak currency.After 20 years of contribution to the country's economy, Chinese Manufacturers are facing challenges from the higher cost in fectors varying from raw material, labor, fuel, land to trade. This is a result of changes happening not only in local market but in the world economy.Although struggling on profit line, Chinese companies can work closely with government to survive by implementing technical renovation, marketing & branding, strategic partnership, manufacturing base transfer, policy inspiration, etc. Chinese manufacturing can overcome the difficulities and move forward to a more sustainable development.