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"Why look at China? Obviously there are many countries other than China that are candidates for overseas sourcing. China, however, combines advantages that are unique to the world's most populous nation. These include: a. One of the world's lowest labor rates - Labor rates vary from about $100-$400 per month depending on the required skill. b. Abundant indigenous raw materials - Most raw materials you will need are available in China as native products. c. A huge well developed industrial base - China developed a highly self-sufficient industry. In the 1950s and 1960s, many large industrial facilities were built. From the perspective of a western observer there seems to be an amazing variety of factories that make the same kinds of industrial goods found in the U.S."
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