Super Factories

It rockets from 0-60mph in 5.6 seconds and reaches 155mph before an electronic speed limiter says "that's fast enough". It handles so well, the G-forces might make you lose your lunch before the Z4 loses its grip on the road. To manufacture such an artful instrument of automotive pleasure requires three super factories. The first factory, in the Bavarian heartland of Landshut, Germany, casts the automotive industry's first magnesium composite crankcase, which results in the world's lightest six-cylinder crankcase. The second factory is in Munich, Germany which takes the lightweight crankcase and precision assembles a 3.0-liter inline six-cylinder engine that delivers 255 horsepower. The lean German muscle is then shipped to a third factory -- in Spartanburg County, South Carolina, USA. This last plant is a forerunner in environmental innovation, being the world's first automotive factory to recycle landfill methane gas from rotting trash to power its plant. Now onto the sleek and raw power of the Corvette Z06, the fastest most powerful production Corvette every built. Visit the Corvette factory in Bowling Green, Kentucky, the only location in the world where a Z06 is built from start to finish in 36 hours. The materials used to make the sports car's body and frame are more technologically advanced than what is commonly used in a racecar. Every Z06 engine is hand assembled by one builder and the structure of the sports car has been painstakingly crafted to be lightweight. It is the most aerodynamically efficient Corvette ever, travelling almost half a kilometer in less than 12 seconds at two hundred kilometers per hour. All these components make the Corvette Z06 a fierce competitor in the sports car world, surpassing most in road performance and handling.

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Made in China - Factory of the World - Documentary
Where does all the stuff you buy at Wall mart/Carrefour/Giant supermarket come from? Right here in China's "Factory City" video by Mark Foerster DP Reels at Mark Foerster - DP Why China Is "The World's Factory" Question: What do Lightening McQueen, a Nike sneaker and an iPad have in common? Answer: China. Chinese products seem to be everywhere: the majority of tags, labels and stickers display the legend “Made in China.” The Western consumer may ask, “why is everything made in China?” Some may think the ubiquity of Chinese products is due to the abundance of cheap Chinese labor that brings down the production costs, but there is much more to it. Here are five reasons China is "the world's factory.” Lower Wages China is home to approximately 1.35 billion people, which makes it the most populous country in the world. The law of supply and demand tells us that since the supply of workers is greater than the demand for low-wage workers, wages stay low. Moreover, the majority of Chinese were rural and lower-middle-class or poor and until the late 20th century when internal migration turned the country's rural-urban distribution upside-down. Immigrants to industrial cities are willing to work many shifts for low wages. China doesn’t follow (not strictly at least) laws related to child labor or minimum wages, which are more widely observed in the West. However, this situation may change. According to the China Labour Bulletin, from 2009 to 2014 minimum wages have almost doubled in mainland China. Shanghai’s minimum hourly rate is now up to 17 yuan ($2.78) per hour or 1,820 yuan ($297.15) a month. In Shenzhen the rate is 1,808 yuan per month ($295.19) and 16.50 yuan ($2.69) per hour based on an exchange rate of 1 yuan = $0.16. The huge labor pool in China helps to produce in bulk, accommodate any seasonal industry requirement, and even cater to sudden rises in the demand schedule. Business Ecosystem Industrial production does not take place in isolation, but rather relies on networks of suppliers, component manufacturers, distributors, government agencies and customers who are all involved in the process of production through competition and cooperation. The business ecosystem in China has evolved quite a lot in the last thirty years. For example Shenzhen, a city bordering Hong Kong in the south-east, has evolved as a hub for the electronics industry. It has a cultivated an ecosystem to support the manufacturing supply chain, including component manufacturers, low cost workers, a technical workforce, assembly suppliers and customers. For example, American companies like Apple Inc. (AAPL) take advantages of supply chain efficiencies in the Mainland to keep costs low and margins high. Foxconn (the main company which manufactures Apple products) has multiple suppliers and manufactures of components that are at nearby locations, and it would be economically unfeasible to take the components to U.S. to assemble the final product. Lesser Compliance Manufacturers in the West are expected to comply with certain basic guidelines with regards to child labor, involuntary labor, health and safety norms, wage and hour laws, and protection of the environment. Chinese factories are known for not following most of these laws and guidelines, even in a permissive regulatory environment. Chinese factories employ child labor, have long shift hours and the workers are not provided with compensation insurance. Some factories even have policies where the workers are paid once a year, a strategy to keep them from quitting before the year is out. Environmental protection laws are routinely ignored, thus Chinese factories cut down on waste management costs. According to a World Bank report in 2013, sixteen of the world’s top twenty most polluted cities are in China. Taxes and Duties The export tax rebate policy was initiated in 1985 by China as a way to Boost the competitiveness of its exports by abolishing double taxation on exported goods. Exported goods are subject to zero percent value added tax (VAT), meaning they enjoy a VAT exemption or rebate policy. On the other hand, the U.S. doesn’t have a VAT and import taxes are only applicable to certain goods like tobacco and alcohol. Consumer products from China are exempted from any import taxes. Lower tax rates help to keep the cost of production low. Read more: ory.asp