I started travelling in China in early 90s and since then I have seen China changing from dilipated factories and outdated machines to a modern developed nation. My early memories of the textile mill in Shanghai was so pathetic that I could have not believed that the mill was running with zero quality systems and if the yarn got wound on the cone, it was already an acceptable product. Extremely bad working conditions, broken walls, broken ceilings, stinking bathrooms and work was done very casually.
And same, I saw in Tianjin, Beijing, Ningbo, Dalian. However, as time passed and I kept visiting more mills, the change was seen year after year. The Shanghai mill disappeared and came a flourishing office complex. Same with most mills in Beijing. Nicer and bigger textile complex came up in Ningbo, Hangzhou, Shanghai, Guangzhou. Investments came up with modern machines from Europe and work standards came to International standards.
Now, ofcourse, China has become a leader in Textiles and not just textiles, almost everything under the sun comes out of China. However, the best part is not just about the production capacities, but also the quality has systematically improved. Given that it has advantage of Economies of Sale, the prices are always attractive. The results is that today China has set the standards of Prices for all the products in the world.
If today, I offer a yarn or machine or fabric or clothing, the first thing people check is , how the price compares against Prices from China.
China has a magnet of Price and without marketing efforts, customers search for their supply chains within China and usually find a suitable supplier. No other country in the world has been so much successful in creating such a huge market for its products and services in such a short time of 20 years.
Despite the language barrier, China is a nice place to do biz. People are generally very nice and very hospitable and they try their best to offer a product or service, which would meet your acceptance.
For me, I am quite happy that for almost everything under the sun, not just textiles, the prices are kept in control by the Chinese, otherwise, these multinationals would take away all my little earnings with their fancy prices. Now to be competitive, everyone has to keep his prices very close to the Chinese prices.
Chinese companies are taking over giant companies in US, UK, Europe and at this rate, they will easily take over from Japan as the second largest economy in the world.
Good job China!
And same, I saw in Tianjin, Beijing, Ningbo, Dalian. However, as time passed and I kept visiting more mills, the change was seen year after year. The Shanghai mill disappeared and came a flourishing office complex. Same with most mills in Beijing. Nicer and bigger textile complex came up in Ningbo, Hangzhou, Shanghai, Guangzhou. Investments came up with modern machines from Europe and work standards came to International standards.
Now, ofcourse, China has become a leader in Textiles and not just textiles, almost everything under the sun comes out of China. However, the best part is not just about the production capacities, but also the quality has systematically improved. Given that it has advantage of Economies of Sale, the prices are always attractive. The results is that today China has set the standards of Prices for all the products in the world.
If today, I offer a yarn or machine or fabric or clothing, the first thing people check is , how the price compares against Prices from China.
China has a magnet of Price and without marketing efforts, customers search for their supply chains within China and usually find a suitable supplier. No other country in the world has been so much successful in creating such a huge market for its products and services in such a short time of 20 years.
Despite the language barrier, China is a nice place to do biz. People are generally very nice and very hospitable and they try their best to offer a product or service, which would meet your acceptance.
For me, I am quite happy that for almost everything under the sun, not just textiles, the prices are kept in control by the Chinese, otherwise, these multinationals would take away all my little earnings with their fancy prices. Now to be competitive, everyone has to keep his prices very close to the Chinese prices.
Chinese companies are taking over giant companies in US, UK, Europe and at this rate, they will easily take over from Japan as the second largest economy in the world.
Good job China!
