Will China remain the factory of the world?

China has been nicknamed the "factory of the world" for a reason, businesses from all over the world have already realized that in order to streamline, sell at a greater profit and reduce costs to a minimum, one must turn to China.

In the past decade, China has positioned itself high on the highest-paying exporting countries, not only because of its competitive prices but also because of the high-quality manufacturing technologies it has developed over the years and continues to the high level of service it provides to its importers.

Other developing countries such as India, the Philippines, Malaysia and more can compete in China for the price but not quality, not at the production level and, moreover, at the service and the consistency level and will take quite a few years to qualify for the current level of China in the quality of exports.