Cheap labor: China has huge labor resources, and relatively low labor costs make China's manufacturing industry competitive in production costs.
Scale effect: China's manufacturing industry is large in scale, with production capacity and economies of scale. Mass production can reduce unit product cost and improve efficiency.
Sound supply chain: China manufacturing industry has established a huge and complete supply chain system. From raw material procurement to manufacturing and logistics distribution, all links of China manufacturing chain are mature and can provide efficient supply chain services.
Rich industrial clusters: There are many industrial clusters in China, such as the electronics manufacturing cluster in the Pearl River Delta region of Guangdong and the textile manufacturing cluster in the south of Zhejiang. These industrial clusters have formed specialized and refined supply chains and ecosystems, which have promoted technological innovation and cooperation.
Technology transfer and absorption capacity: China manufacturing industry has high technology transfer and absorption capacity. Through introduction, digestion, absorption and re-innovation, China manufacturing industry can quickly learn and master advanced production technology and management experience.
Policy support: China government attaches importance to and supports the development of manufacturing industry, and has introduced a series of policy measures, such as tax reduction and fee reduction, guiding fund for scientific and technological innovation, and industrial park construction, which provide a good development environment and policy support for manufacturing industry.
China's manufacturing industry has obvious comparative advantages in the global industrial chain, including cheap labor, scale effect, sound supply chain, rich industrial clusters, technology transfer and absorption capacity and policy support. These advantages make China's manufacturing industry competitive in the global market and play an important role in the global industrial chain.