Last year, China surpassed Japan and ranked second in the world in terms of GDP. It now remains only to circumvent States, but it is only a matter of time (maybe China will take the first position in 10-15 years). The combination of cheap labor and in terms of "we must - then do it" has transformed China from the country's predominantly agrarian to the world's factory. The Chinese produce everything - from toys to high-precision electronics, for example, iPhone or Motorola Xoom tablets produce it in China.
With the release of relatively cheap products, China has helped many people around the world to raise the standard of living. People around the world - in Brazil, Africa, Europe and America benefit from cheap Chinese goods. However, this situation has a downside: the buyers "vote your wallet" and often, buying cheaper products with the label «Made In China», put in the difficult position of local producers, which is becoming increasingly difficult to compete. In the end - the volume of local production is reduced, which means - fewer jobs, higher unemployment and, consequently, the consumer will buy more and more cheap Chinese goods. As buyers, we are pleased that today many luxury items became available to us, but we should be concerned about, as employees. China's success may mean that the economies of Africa and South America will have to find new ways to stay competitive. Yes, and Europe with the US can not feel safe. One dominant player will never be all happy.
1. Workers at Chinese factories: On the production line toy factory in Panyu, in southern China's Guangdong Province September 4, 2007. (REUTERS / Aly Song)
2. siesta working in a shoe factory in Ganzhou, Jiangxi Province, June 21, 2010 .. Ganzhou - recently emerged in the industrial region of Jiangxi Province, north of Guangdong. Because the yuan again crept upward, manufacturers export centers fear that it will lead to an increase in production costs will rise sharply as the wages of workers. (REUTERS / Bobby Yip)
3. Almost empty sewing workshop factory producing bags in Yiwu, Zhejiang Province, Feb. 15, 2011. According to the manual factory production is currently experiencing a severe shortage of workers. Rapidly developing production, located in the coastal areas in mainland China is now faced with the problem is particularly severe labor shortage, which is related to seasonal migrations during the whole month lasting celebration of the Lunar New Year. (REUTERS / Aly Song)