China's Manufacturing Story #1 - Lessons for India
This Zerodha article analyzed how China became the manufacturing hub of the world. And whether India could replicate those steps. When Mao died, Deng Xiaoping took over. A major decision at this point was to learn from Singapore “a once backwater little fishing island had begun to cement its place in world conversations”. It was a good place to start because Singapore had started poor with a lot of Chinese origin citizens with little or no qualifications, a situation similar to China in ’79. ~~ A major outcome of the Singapore visit was the creation of the SEZ (Special Economic Zone): “These special enclaves didn’t have the same rules as the rest of China. Different rules applied — freer movement of capital, flexible labour laws, easy land acquisition, consistent, uninterrupted electricity. And quick customs clearances.” (India followed the same SEZ technique for the IT sector). Crucially, one of the most famous SEZ’s was created in (now famous) Shenzhen bec...