Why is technology so much cheaper in China than India? Many people don’t know
Today there is a glut of Chinese goods all over the world. The reason for this is that China makes the cheapest items in the world. Also manufactures all kinds of goods in China. Due to being cheaper, the goods of other countries of the world do not stand ahead of the goods of China. This is the reason why many countries have banned the import of Chinese goods.
Chinese goods are also imported in large quantities in India. Due to the cheap, many small and big companies and trade organizations keep demanding the government to ban the import of Chinese goods. But you might not know how Chinese companies make such cheap goods. Today we are going to tell you the secret of cheap Chinese goods…
Availability of labor: Labor accounts for the largest share of the cost of any goods. Cost of any goods increases due to costly labor. There is cheap and much traffic in China. Due to this, the cost of labor in goods made in China comes down considerably. Because of this Chinese goods are cheap.
Facilities to companies: The Chinese government provides a wide range of facilities to companies there. This includes infrastructure, electricity, roads etc. The good of these facilities also reduces the cost of production. In addition, the Chinese government gives several types of tax rebates on the goods exported. This makes the goods cheaper.
Overseas production: Most of the Chinese companies produce foreign markets rather than domestic ones. Apart from this, the Chinese government allows to copy any thing of any country of the world. For this reason, Chinese companies do not get involved in other legal processes, including copyright. This reduces the cost of companies. Secondly, due to high demand from abroad, more production has to be done. This makes Chinese goods cheaper.Scream Can Make You Mentally Fit, You Will Be Surprised To Know How? OMG! Sleeping While Sitting Can Cause Death, Know In Detail Here Men Must Read : These Vitamins And Minerals Are Beneficial For You To Fight Against Diseases Why You Should Not Keep Mobile Phone In The Pocket Of Pants, Know This Surprising Reason