- China’s gross national product is at 3.4 Trillion.
- China’s economy grew at an average rate of 10% per year during the period 1990–2009, the highest growth rate in the world.
- China’s total trade in 2006 surpassed $1.76 trillion, making China the world’s third-largest trading nation after the U.S. and Germany.
- About 35% of the Chinese population lives under $2 a day.
- Corporate income tax (CIT): The income tax for companies is set at 25%, although there are some.
- Manufacturing factories in China that specialize in China’s top 10 exports accounted for 67.6% of the overall value of its global shipments in 2015.
- China’s large deposits of iron ore and other important minerals, along with the country’s vast coal and petroleum reserves and its enormous hydroelectric potential – the largest in the world.
- USA and European community is Pushing up the value of China’s currency, by putting pressure on the Chinese government to stop artificially keeping there currency low.
- China, poised to pass Japan as the world’s second-largest economy perhaps by late this year.
- China represents a staggering 83 percent of the entire U.S. trade deficit in non-oil goods, up from 26 percent in 2000.
- Despite rising labor costs, manufacturing in China can provide ample profit opportunities with costs 30 percent to 50 percent less than manufacturing domestically.
- Chinese manufacturing lends itself particularly well to projects that fall in the technology industry.
- Many China factories are extremely skilled in working with metallic materials such as iron, aluminum and steel.
- Contains the largest concentration of poor people in the world.
- Over the last 3 years, a large government effort in re-invest in infrastructure. As India is a country with poor roads bridges tunnels still has a long way to go. Infrastructure has inhibited growth. More importantly, the highways will open up, the closed worlds of India’s villages. Until this happens, Logistics will be a challenge.
- Unemployment is 10% in 2009.
- India’s per capita income (nominal) is $1124, ranked 139th in the world.
- India has a high rate of poverty, illiteracy, corruption, disease, and malnutrition.
- Major industries include telecommunications, textiles, petroleum, machinery, information technology enabled services and software.
- India has 10 of the 30 fastest-growing cities in the world and is witnessing rapid urbanization. The growth is happening not in large cities, but in small and midsized towns. In 1991, India had 23 cities with a million or more people. A decade later, it had 35.
- Access to improved water source (% of pop): 89%
- Access to improved sanitation: 33%
- Political stability: Democracy and democratic values are relatively well-entrenched and the political system is
largely stable. Handover of power after general elections held every 5 years is peaceful, and confidence in the stability of the system is high.
- Manufacturing in Indonesia is perfect for projects that fall within the footwear, electronics and hardware industries.
- Indonesia factories employ over 14 million people and is one of the largest sectors in the country.
- Vietnam achieved around 8% annual GDP growth from 1990 to 1997 and continued at around 7% from 2000 to 2005, making it one of the world’s fastest growing economies.
- Third-largest oil producer in Southeast Asia with output of 400,000 barrels per day.
- Vietnam is still a relatively poor country with an annual GDP of US$280.2 billion.
- Deep poverty, defined as a percent of the population living under $1 per day, has declined significantly and is now smaller than that of China, India, and the Philippines.
- The nation has seven developed ports and harbors.
- Population of Vietnam is currently at more than 84 million.
- School enrollment is among the highest in the world.
- Agriculture: 20.7%
- Industry: 40.3%
- Services: 39.1% (2009 est.)
- Unemployment rate = 2.9% (April 2009 est.)
- Population below poverty line: 12.3% 2009 est.
- Manufacturing in Vietnam is perfect for projects that include soft goods, such as textiles, plastics, machinery and much more.
- Vietnam sourcing is one of our top go-to’s for many projects.
- Due to rapid economic growth, more and more Vietnam factories have been opening in every industry, making Vietnam a powerful industrial manufacturing contender.
- Malaysia factories are highly skilled in working with electronics and materials such as plastics, wood and rubber.
- Manufacturing in Malaysia is a relatively safe choice because it is a politically stable country and a free-trade partner.
Let us use our experience and knowledge in international sourcing to help you grow your business.