Challenges of Doing Business in China
One of the challenges that businesses face today is a fierce price competition. Even though a business may provide better service and quality than its low price competitor, there comes a point when the price to value ratio is too great to ignore. Business may try different strategies to cut cost. Cost control may come from reduction in the workforce, a more efficient and streamlined manufacturing process, or even outsourcing of the manufacturing to foreign countries with cheaper labor costs. The current trend for a lot of companies has been to move the manufacturing process to China because of their good industrial infrastructure and also the availability of cheap labor