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Tuesday, January 19, 2021

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  • Far East Maritime (2) (X)

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China looks inwards as export demand remains weak

Posted to Far East Maritime (by Greg Knowler) on October 25, 2012

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

China factories slowly climbing the value chain

Posted to Far East Maritime (by Greg Knowler) on June 8, 2011

It may seem we harp on about China’s changing manufacturing industry, but that's because of its direct impact on export ocean cargo and the import of raw materials. All the stuff we consume has to be made somewhere, and the mainland has pretty much cornered the manufacturing market.