How china make all product at very low cost ?

Question

i want to know why china make every product in very less cost ?

Answer 1

Chinese miracle relies on cheap workforce and affordable parts. If you try to assemble in Europe a smartphone with the same parts, it will cost you $50-$100 extra, because workforce is more expensive, as well as fees related to the location hiring, transport and so on

Answer 2

China is a country with high population and it's also a bigger country. Their population is more than 1.5 billion. That's why the production cost is much lower than any other countries on the world.