Some key data points about the Chinese manufacturing economy, Chinese factory workers and the American consumption economy:

1. all iPhones are Made in China
   (manufactured, assembled, and packaged)
   
   1. at a FoxConn factory nicknamed “iPhone City”
      1. (Apple outsources all factory work to FoxConn)
   2. 350,000 employees work at that factory in 2 shifts
      1. they also live and eat there
      2. living quarters are 6 person dorms shared by 12 people
         (six per shift, alternating)
      3. workers pay $25 / month rent,
         plus another $35 / month for a meal plan
   3. FoxConn is the major employer of the city of Zhengzhou
      1. Zhengzhou is deep inland in Northeast China
   4. they receive an average wage of $2.80 per hour
      1. this equates to $170 per week,
      2. or $8,800 per year
   5. they collectively produce up to 1,000,000 iPhones per day
   6. they officially work 10-12 hour shifts, 6 days a week
      1. there is often overtime at peak production (Chirstmas)
   7. the legal work age in China is 16 years old
      .
2. the technology capital of China is Shenzhen
   1. this is the headquarters of:
      1. Huawei, Tencent, DJI & Anker, amongst others
   2. Shenzhen sits on the sea, directly inland from Hong Kong
   3. the average factory worker in Shenzhen makes $5.50 / hour
      1. this is almost double what Apple / Foxconn pays in Zhengzhou
      2. equates to $330 per week
      3. or $17,000 per year
         .
3. 50% of all products sold on Amazon
   are manufactured in China
   .
4. TEMU is rising
   1. TEMU started shipping product in Sept 2022
   2. In 2024, the Temu app was the #1 app on the entire
      Apple iPhone App Store
   3. In one month, temu.com received 1 billion visits
      (Feb 2025)
   4. In its first two years of operation, Temu had
      gross revenues in excess of $50 billion
   5. Temu is the single largest buyer of ads on
      both Google & Meta (Facebook / Insta)

USA vs. China Comparison

		🇺🇸	🇨🇳
		USA	China
Population		330 million	1,400 million
GDP		$28 trillion	$18 trillion
GDP per capita		$84k	$12k
Annual Gov’t Budget		$5 trillion	$4 trillion
Annual Military Budget		$900 billion	$230 billion
Total Net Worth of Citizenship		$150 trillion	$70 trillion
Avg net worth per citizen		$500k	$50k
Key Companies		Apple, nVidia, Amazon, Google, Meta, Microsoft, Tesla	Tencent, Temu, Alibaba, Huawei, FoxConn, TikTok / Bytedance