Is China’s Position as the “Factory of the World” Still Secure?
Is China’s reign as the “factory of the world” finally starting to waver? China has been the go-to destination for global manufacturing for decades. It offered low labor costs, vast infrastructure, and efficient supply chains. However, we simply cannot overlook the recent developments. Rising wages, supply chain vulnerabilities, trade tensions, and the growth of competing manufacturing hubs – they’re all prompting businesses to rethink their reliance on China. Automation and government incentives are starting to reshape global production, and the question remains: can China maintain its dominance, or is the world shifting toward a more diversified manufacturing future? Rising Labor Costs in China China’s labor costs have risen significantly in recent years. This naturally made it less competitive as a
