S.L. Kanthan
S.L. Kanthan

@Kanthan2030

3 Tweets 3 reads Jun 28, 2023
Two misconceptions about China's manufacturing:
🔹Chinese products are cheaper because of cheap quality and/or cheap labor
🔹Labor-intensive manufacturing will definitely move out of China
People don't understand China's embrace of and innovation in automation/robotics.
Even in textile and apparel, which are much harder to automate than, say, other sectors.
China buys HALF of all industrial robots in the world
There are many holistic reasons behind success in manufacturing.
Top textile exporting countries: China leads the way and is 7x India. And it's not about cheap labor, since Chinese wages are 4-6x higher than Indian wages.

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