Today China is an increasingly strong and established economic power, infact Chinese products circulate all over the world. The reason isn’t only the low cost of labor. During the years, China has established as the country where manufacturing products is more efficient and cheaper than other countries, also because the Chinese producers operate in a market without Western rules (minimum wage laws and other Western regulations). In recent years, in China, the policy of reducing pollution has propagated and now there is an increase of the cost of production. An another important factor concerning policy of the reduction of export tax, which started in 1985 and it abolished double taxation on exported goods. Low tax rates are very important to keep production costs low, which has attracted investors and companies in China.
An Another important factor is the Chinese currency. In this regard, China has been accused of having lowered the value of the yuan to obtain advantages in exports over similar goods produced in United States. Since 2019, the Chinese bank has lowered the yuan to 7.0205 per dollar and this still makes Chinese imports more advantageous than other countries. All these reasons, added together, have created in China, a commercial ecosystem that makes it, currently and for a long time, the world factory.
The most exported Chinese products.
In the previous article, we have explained the current role of Chinese market in the world and in this article we’ll illustrate some of the best-selling and popular products produced and manufactured in China.
- Personal Computers
Today, the Personal Computers are widespread all over the world and China exported 40.9% of all computer in the world;
- Mobile Phones
Currently, China is among the cheapest and most efficient mobile phone manufacturers; infact, while computer exports have been a slight decline in recent years, the market of mobile phones has increased;
- Renewable Energy
The pollution is one of the most current topics and all countries are committed to reducing emissions and seeking alternative energy sources. The data shows that China is among the first countries in the world for photovoltaic and solar thermal energy. In this sector it is among the largest investors in solar energy, mainly because they use a lot of it and produce solar plants and cells.
- Air conditioners
According to some statistics, China produces every year 109 billion air conditioners and that is 80% of world production. In this area, China is one of the leading producing countries.
In this sector, China is the world leader in the production of cement, but compared to other product categories, the gap with the second producing country, Thailand, isn’t clear as that of other products.
Most of the world’s shoe manufacturing companies have their manufacturing plants in China. Infact, in recent years, China has exported over $ 1 billion in this sector, surpassing Italy, which is one of the leading countries in the production of leather footwear.
- Energy-saving lamps
This area is also very topical, because it falls within the goal of reducing energy consumption. Already in 2014, China accounted 80% of the energy in the energy saving lamp market and this trend is still increasing;
Although production costs are increasing, China remains one of the top countries in the production of clothing. Every year, the export of clothing produces 161 billion dollars but, even if, in recent years, there have been some slowdowns, China still remains one of the first exporting countries in the sector and no one has managed to match it.
Although Korea is the world leader in ship building, China has managed to dominate the market without fighting this battle on the same level of Korea, but it is specialized in manufacturing of small and medium-sized ships.