Outsourcing & Offshoring Boom in China Challenged by Rising Wages, Employee Demands and Regulation

While India has become the leading outsourcing center for services like back-office tasks, China has become the world’s top offshore manufacturing center. China is clearly a leader in offshore manufacturing of apparel and footwear. It also excels in the manufacture of computer components, such as motherboards and hard drives. Its telecommunications equipment companies, such as ZTE and Huawei, have become world-class competitors, and Chinese firms have developed expertise in such high-ticket items as medical imaging equipment. China recently became the world’s leading retail car market as well, and has established a mammoth automotive manufacturing industry, along with a significant presence in aircraft and railroad equipment. Meanwhile, it is likely to take over the lead in utilization and perhaps development of advanced nuclear power plant technology, since it has formal plans in place for the construction of dozens of new nuclear generating facilities. The country is also a world leader in the manufacture of solar cells and wind turbines.

China is one of the world’s few remaining communist countries (joining Vietnam, Laos, Cuba and North Korea in that regard). Nonetheless, it is striving to encourage entrepreneurism, and its entry into the World Trade Organization (WTO) as well as its status as host of the 2008 Olympics moved it into a strong position on the world stage. However, in 2014, its real GDP growth slowed again, falling to 7.4%, and growth may slip further to about 7.0% for 2015.

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