Why is everything Made in China?
Few decades after the founding of the People's Republic of China (PRC) the country undergone a shift from a largely agrarian society to an industrial powerhouse fuelled by a huge manufacturing boom.
China became a commercial gold-rush country for every big companies in the world. China's vast pool of cheap labour was the major reason of its success : The wages of the workers there were a fraction of those in Western countries. Nowadays more than half of China's exports are generated by foreign-invested companies.
You may think China's product are still cheap because Chinese labour is cheap. But you will be wrong, now wages are rising in China and a growing middle class demands high quality goods and services.
It's true that despite its growth, China's living standard is still uneven. Some may know a life similar to the Western countries, while others still remain relatively poor. But there is much more to itChina's middle class demands high quality goods and services
You can't compete against a country with that much experience. Over these 35 years China has gathered technologies, skills and knowledges making products for the Western markets and today they can produce about everything ranging from top quality to bottom-of-the-line products. Even if some companies start to move to other emerging manufacturing countries like India or Vietnam for their lower wages, it will take them a long time to catch up on the production ability that Chinese factories have.