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First,chinese products have no intellectual property rights,No brand,all easiler copy, that make both factory and trade company not dare to charge too much profite.|
Second,private small factory,the opearting cost of familiy factory is much lower than big factory,what's more,small factory are professional at making only one product,use only one mould, that can deduct the cost to the lowest.
Actually chinese laber cost is not low,compare to other asia countries,for example ,in east china like Zhejiang,the labor cost already very high,but here the factories are much more professional ,so they still can controll the cost.That's why other Asia countries their labor cost even lower but their product costly.
Third point is also very important, pepole are hard working and their attitude to work is positive.You can feel the difference if you have ever seen other asia countries' workers or afirca people, here,in china you rarely see lazy workers.