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And something called e-commerce entered its own during the past decade also. Customers demanded cheaper prices, more choices and faster fulfilment. Annual technology product updates became bi-annual. Fast fashion, using its short production runs, became trendy.
And it’s not merely an immense and low-cost labour force containing given Chinese manufacturers a competitive advantage. In fact, China’s wages have been receiving the rise and fast-growing countries like Vietnam and Bangladesh are developing niches in footwear and clothing manufacturing likewise.China retains an advantage that few countries are ever going to match.
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