But one important factor why China is ruling this industry right now is not only because the cheap labor, but also the massive supply chain. If you're prototyping some electronic hardware, you're in Huaqiangbei, Shenzhen, you can probably go there and find all the parts you want in one hour.
It's extremely slow and expensive for other places to do the same in the world compared to there. And it still holds true for other parts in China (where many of them with even same quality of labor but cheaper).
But one important factor why China is ruling this industry right now is not only because the cheap labor, but also the massive supply chain. If you're prototyping some electronic hardware, you're in Huaqiangbei, Shenzhen, you can probably go there and find all the parts you want in one hour.
It's extremely slow and expensive for other places to do the same in the world compared to there. And it still holds true for other parts in China (where many of them with even same quality of labor but cheaper).