Why Chinese Products Are Cheaper?22 January 2021 ❤ 0
China is one of the world's most populated countries with a population of 1.4 billion people, it is the third-largest country in the world. As well all might know that Chinese people are called working robots. No one can match the efficiency of Chinese works. On average the outcome of one Chinese man is equated to the outcome of more than two persons working at a time. Apart from this, these Chinese people are one of the best manufacturers in the world.
The production cost is relatively lesser than any other production firm. I would answer why this production cost is relatively cheaper. The wages rate in china is very low, in some cases, it is seen that it is almost 20%lesser than the total cost.