Has China shed its cheap manufacturing image for high premium development?

ongoing

In light of current times, many companies are still perceiving China as the ‘place-to-go’ for the development and manufacturing of their products, attracted by the theory of saving money in their development costs. In some aspects, China still holds a good ground to manufacture basic products at affordable prices, however, China’s landscape has changed, and will continue to do so, start-ups and corporations no longer look toward the East for cheap production, but rather high-premium quality development and manufacturing.