The Truth About China

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This quarter's AsiaInspection Barometer dives deep into the the current state of affairs in manufacturing and trade across the globe, with a special focus on the US and China. Visit http://www.asiainspection.com to find out more.

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  • Tie it back ot the business (see barometer)
  • The Truth About China

    1. The Truth About China AsiaInspection Barometer - Q1 2013
    2. Of the world’s goods now come from ChinaSource: http://news.thomasnet.com/IMT/2013/03/14/china-widens-lead-as-worlds-largest-manufacturer/
    3. In 2012 their manufacturing output reached $2.9 Trillion USDSource: http://news.thomasnet.com/IMT/2013/03/14/china-widens-lead-as-worlds-largest-manufacturer/
    4. That’s… 20% more than the US ($2.43 Trillion)Source: http://news.thomasnet.com/IMT/2013/03/14/china-widens-lead-as-worlds-largest-manufacturer/
    5. If you were to fly that moneyto the US in $100 bills you’d need 45 Airbuses
    6. There are talks ofmanufacturing returning to the West, but…
    7. US manufacturing output dropped in Jan 2013 -0.4%Source: http://www.federalreserve.gov/releases/g17/20130215/
    8. US imports from Asia increased in Jan 2013 +23%Source: http://www.zepol.com/BLOG/post/2013/03/15/US-Customs-Trade-Data-February-2013-Import-Update.aspx
    9. And the EU also saw a big decline inmanufacturing output in Jan 2013 -1.7%Source: http://www.tradingeconomics.com/euro-area/industrial-production
    10. Western brands say that they want to bringmanufacturing "back home"
    11. committed to invest US$50 billion in “Made in America” products over the next 10 yearsSource: http://www.reuters.com/article/2013/01/15/us-walmart-us-idUSBRE90E0MB20130115
    12. But this only amounts to 0.93% of their total sales
    13. So can the West really compete?
    14. China is predicted to be the world’s BIGGEST economy by 2016Source: http://www.oecd.org/eco/surveys/economicsurveyofchina2013.htm
    15. but…quality & safety can be hit and miss
    16. 16,000 diseased pigs were dumped in Shanghai’s drinking water in MarchSource: http://www.guardian.co.uk/world/2013/mar/29/dead-pigs-china-water-supply
    17. It’s hard to visualize that many pigs…HHHH But if they were to line up, they’d cover 28.8km
    18. The scariest part is…HHHH $ Underground traders buy pigs thathave died from disease and sell themSource: http://english.peopledaily.com.cn/90882/8191519.html
    19. There is a silver lining though… In Q1 2013 Inspections of Food and Food Packaging items surged +212%Source: AsiaInspection Internal Figures
    20. And overall inspections performed in China increased +27%Source: AsiaInspection Internal Figures
    21. But is it enough?
    22. Factory Fires in Asia killed HUNDREDS in the past few monthsSource: http://www.cleanclothes.org/resources/ccc/working-conditions/fatal-fashion
    23. Usually because the windows were barred and people couldn’t escapeSource: http://www.cleanclothes.org/resources/ccc/working-conditions/fatal-fashion
    24. “The only safeguard for workers and brands is to ensure business isconducted only with factories that meet or exceed safety standards” Sebastien Breteau, CEO of AsiaInspection
    25. Source: AsiaInspection Internal FiguresManufacturing growth in Asia is booming despite these challenges and China is branching into new areas Industrial & Food Body CareMechanical Items Products Products+42% +212% +36%
    26. The Truth about China? It’s going to be hard to catch…
    27. AsiaInspection TM Your Eyes in the Factory!AsiaInspection is a leading quality control services providerfor importers from Asia, providing web-based accountmanagement, fast scheduling and highly competitive pricesfor companies seeking Product Inspection, Factory Auditand Laboratory Testing services in Asia. AsiaInspectionserves clients from over 100 countries worldwide.Contact Us: press@asiainspection.comVisit Us: http://www.asiainspection.com

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