The Latest US Report Says China'S World Factory Status Is Facing Challenges.

"P" < a href= "//www.sjfzxm.com/news/index_c.asp" > China's manufacturing industry < /a > leading position is shaken, and the Chinese miracle that has lasted more than 30 years will be put to a curtain call. In the latest report, Stratfor, a global strategic forecasting think-tank based in Austen, Texas, pointed out that "the era of Chinese development with low wages conquering the global market is coming to an end, because there are now other countries with lower wages and favorable conditions."

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< p > in recent years, the rapid rise of the cost of raw materials and labor in manufacturing industry is gradually changing the foundation of China's rapid economic growth in the past 30 years - a large number of cheap labor force.

The change of relative resource endowments brings about the pains of pformation. It also raises an unavoidable question: how long can China maintain its status as a "world factory"? < /p >

China's exports increased by 7.9% to 2 trillion and 50 billion US dollars last year, P.

But George Friedman, President of Stratfor, said that China's economic miracle is coming to a limit because of rising wages, diminished interest in foreign investment and disorderly development. "Enterprises are gradually leaving China or choosing not to invest in China," Freedman said.

This flow is faster and faster, and the main driving force comes from the needs of global entrepreneurs and usually small businesses.

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In its report on "Post-China 16 (PC16): China's successor", < p > Stratfor listed 16 most potential countries, including Ethiopia, Kenya, Tanzania, Uganda, Bangladesh, Sri Lanka, India and Burma in the India ocean basin; Kampuchea, Laos, Philippines and Vietnam in the South China Sea; and Latin America's Dominica, Mexico, Dominica and convergence closer to the US consumer market.

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< p > report that the main beneficiary countries under these new economic order will undoubtedly inherit China's mantle and become an exporter of high growth and low wages.

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< p > Freedman pointed out that because the scale of China is huge, other single countries or regions can not be replaced, that is to say, successors will not be a country, but some countries, most of them are in a similar stage of economic development.

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The population of < p > PC16 is about 1 billion.

Although they all belong to the underdeveloped countries, they all show a good momentum of rapid growth in manufacturing, especially in the expansion of industries such as a href= "//www.sjfzxm.com/news/index_c.asp" > clothing < /a > a href= "//www.sjfzxm.com/news/index_f.asp" > footwear > /a > and hand machine parts.

The report says that such changes have been going on for many years in countries such as Vietnam and Indonesia.

Since 2009, the amount of foreign direct investment in Nicaragua is nearly doubling, and the growth of Dominica is about 67%.

Foreign investment is flowing from China's shoe factories and textile factories of India, Korea and Turkey to Africa's poorest Ethiopia.

Manufacturing in southern Mexico has just begun; Indonesia and Philippines have many low-cost manufacturing areas outside the capital to be developed.

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"P >" in the view of Eric Farnsworth, vice president of the Americas Council, as wages increase and China become a middle-income country, some industries in the country may decline, but not all industries, "the main reason is China's absolute production capacity." Farnsworth "

Taking China and Nicaragua as an example, it's like comparing an elephant with a mouse.

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