Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

China Retains a Leading Position as a Top Manufacturing Destination Globally

Mandy Qian • 01/12/2022
China has retained a leading position as a top manufacturing destination globally, according to Cushman & Wakefield’s 2022 Global Manufacturing Risk Index report, which assesses the most advantageous locations for global manufacturing among 45 countries in Europe, the Americas and Asia Pacific. In the study, China ranks in the first quartile in the key assessment categories of baseline, cost and risk scenarios.
Cushman & Wakefield’s Head of Insight and Analytics Asia Pacific, Dr. Dominic Brown said: “Asia Pacific traditionally performs well under the cost scenario, this year has seen it make significant improvements under the risk scenario. Advanced markets have typically tended to dominate the risk scenario given their maturity and stability, but as global shocks continue the risk differential between markets has narrowed. Risks in Europe are significantly elevated on a year ago which has had the effect of making Asia Pacific more attractive as a manufacturing destination.”
Tony Su, Managing Director, Head of Industrial & Logistics Property Services, China, Cushman & Wakefield, said: “Leasing demand for logistics premises in China had largely recovered in Q3. Demand for high-quality warehouses from tenants in the manufacturing sector was robust, particularly apparent the new energy and automobile sectors. In addition, we observed that online retail sales in China were still growing, as a result, e-commerce and third-party logistics providers remained primary demand drivers for logistics facilities in the China market.”
Cushman & Wakefield’s annual Global Manufacturing Risk Index (MRI) scores each country against variables that make up the three final weighted rankings which cover conditions, cost, and risk. Based on the analysis, China maintained a leading position across the three key categories, strengthening its leading position as a top manufacturing destination globally. 
Baseline Scenario
For the third consecutive year, China retains a top position in our baseline scenario ranking. China continues to enjoy significantly lower costs of labor than other major production locations. As part of the market’s transition to higher-order manufacturing, industrial production in China has remained buoyed by newly-emerging industries such as “new energy” and “new material” products, including charging piles, wind turbines and photovoltaic cells and the production of “new energy” vehicles which has benefited from positive government support. This transition, together with ongoing economic expansion of the Asia Pacific region and the commensurate demand for goods, will continue to support China’s manufacturing sector. 
Cost Scenario
On a cost-weighted basis, the top manufacturing locations are overwhelmingly located in Asia. China, Indonesia and India all continue to benefit not only from a plentiful supply of low-cost labor but also lower costs in electricity and real estate construction. 
Risk Scenario
When considering risk as a key location factor, China continues to perform well in the rankings, in part due to such high scores in the business conditions and cost factors but also due to improvements in corporate and economic risk conditions. In recent years, reforms designed to relax the regulatory conditions for foreign investment in China have been implemented, signaling the country’s determination create attractive conditions for more overseas investment.
Please click here to view the full report.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms in the world, with approximately 50,000 employees in over 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region, earning recognition and winning multiple awards for industry-leading performance. In 2021, the firm had revenue of $9.4 billion across core services including valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. To learn more, visit or follow @CushWake on Twitter. 

Related News

Under Our Umbrellas: Little Artists, Big Story
Under Our Umbrellas: Little Artists, Big Story

For some time, food assistance has been the priority for most of our charity campaigns, with donated goods usually coming in the forms of instant noodles, rice packages, and condiments... During a crisis, these goods prove to be the best options to solve an immediate need. But life goes on after a crisis. 


Catch 22 (image)
Asia Pacific Economy Forecast to Return to World-Leading Growth in 2022, Maintaining into 2023

The Asia Pacific economy is set to rebound in 2022 and regain top position in the second half of the year with an expected 4.5% real average annual GDP, according to Cushman & Wakefield’s latest report titled Catch ’22 - Asia Pacific Commercial Real Estate Outlook 2022.

Mandy Qian • 08/12/2021

China's 14th Five-Year Plan (image)
Cushman & Wakefield launch its THINK-IN report 2021- China’s 14th Five-Year Plan - What’s Next For Real Estate?

Cushman & Wakefield, a leading global real estate services firm, today released its THINK-IN report 2021 - China’s 14th Five-Year Plan - What’s Next For Real Estate.

Mandy Qian • 21/10/2021

Finance Sector (image)
The Finance Sector – Reforms and fintech to propel sector demand for leased office space in China

Cushman & Wakefield released its report titled The Finance Sector – Reforms and fintech to propel sector demand for leased office space in China.

Mandy Qian • 15/10/2021

Euromoney award (image)
Cushman & Wakefield Again Named Top Real Estate Advisor and Consultant Globally and in China by Euromoney

In the 2021 survey the firm was awarded a clean sweep of wins in China, Asia Pacific, and worldwide, in the four categories of Overall Agency, Valuation, Letting / Sales, and Research.

Mandy Qian • 16/09/2021

data center
Hong Kong's data center stands firmly in the market

Ranks the third most attractive data center location in APAC, Land supply increase through HSITP in the Lok Ma Chau Loop advisable


Outlook 2021 Retail
China Retail Supply/ Demand 2021 - Retail dynamism drives the market

Cushman & Wakefield, a leading global real estate services firm, recently released its report China Retail Supply/Demand 2021.


Nick Seaton and Dawn Koo
Cushman & Wakefield Promotes Two Senior Leaders in its Global Occupier Services Business in Asia Pacific

Nick Seaton and Dawn Koo’s promotions reinforce the growth of the firm’s integrated portfolio management services.


Manufacturing Risk Index (image)
China Strengthens Position as Most Attractive Manufacturing Hub

China has strengthened its leading position as the most attractive manufacturing hub globally, according to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index.

Mandy Qian • 18/08/2021

investment card
CRE investment activity back on the rise. Half-year transaction volume increased by 97% y-o-y

Industrial buildings and development sites being sought after - Hotels show potentials of long-term appreciation.


With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All