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"Made In China" Is At A Time Of No Progress Or Retreat.

2011/12/30 11:53:00 3

Made In China

2011 is the year when "made in China" should leave memories.

One side is "made in China" and the other is "made in China" under the pressure of enormous survival pressure.

dilemma

The global manufacturing industry is changing. "Made in China" is at a time of no progress.


According to UN statistics, according to the exchange rate at the beginning of 2011, the output value of China's manufacturing industry has reached US $2 trillion and 50 billion this year, and US manufacturing output value is US $1 trillion and 780 billion. China will continue to be the world's highest manufacturing output after 2010.


However, as the world's largest manufacturing country, China is still unable to get rid of the confusion of low-end manufacturing.

Because China is still in the middle and lower reaches of the world manufacturing industry chain, the price terms of trade in China's manufacturing sector show a deteriorating trend toward us trade, which reflects the weakening of the exchange capacity of China's unit export commodities and the decrease of trade gains and trade value gained from each unit of export.


China is out of balance in its trade distribution with Europe and the United States.

state

Statistics show that China's capital share of labor is only 1/5 of the international average, which is 1/10 of the United States.

The rate of return on capital is not only significantly higher than the international average, but also higher than the average level of developing countries.

The reason why high yield profits come from a large extent is the long-term distortion of labor prices.


Over the years, China has accumulated a large amount of trade surplus, but the high surplus did not get high returns.

According to the calculation of the Federal Reserve Bank of San Francisco, 88.5% of US consumer spending is spent on "made in the United States", including the service charge that accounts for the largest consumption expenditure, while only 2.7% of US consumer spending is spent on "made in China".


The survey of Tsinghua University's International Economic Research Center shows that the proportion of exports to the United States to China's total exports to the world has increased from 6.6% in 1989 to 17.7% in 2008, while the proportion of total exports to the United States to China's total imports has dropped from 9.7% in 1989 to 7.2% in 2008. Therefore, China's low end manufacturing high growth space has not been large enough to pform to high-end manufacturing.


The global financial crisis is forcing developed countries to re-examine their industrial structure, explore the road of revitalization of the real economy, and encourage high-end manufacturing to stay in China.

The Boston consulting firm predicts that 15% of the US businesses in the North American market will return from China to the US.


This is a time when we do not advance or retreat.

The future competitive advantage of the United States comes from the revival of high-end manufacturing. The US manufacturing industry is taking advantage of its huge innovation advantages and the integration ability of global resources to return to "made in China" and where to go.


Rising labor costs, appreciation of the renminbi and the environment.

Resources

Such bottlenecks mean the beginning of the price revaluation of China's production factors, and China's low cost advantage will gradually disappear.

If China can not really establish the foundation of innovation, it can not increase TFP as soon as possible, and gradually lose its low cost advantage, which will lead to the double loss of the advantages of low-end manufacturing and high-end manufacturing. This is one of the biggest challenges for the Chinese economy in the next ten years.

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