Feng Fei: China Has Lost The Comparative Advantage Of Manufacturing Industry.

From July 27th to twenty-eight, "2008 China (Huizhou) economic summit forum" was held in Huizhou, Guangdong. Participants from the office of the central financial and economic leadership group, the national development and Reform Commission, the Ministry of agriculture, the Ministry of housing and urban rural development, the State Energy Bureau, the state Council Development Research Center and the Hongkong Special Administrative Region's Guangdong Economic and Trade Office jointly discussed the current hot topics in the current economic situation, such as the economic situation, inflation control and industrial development, and economic restructuring and cooperation in the coastal areas.

The participants agreed that the adverse factors and natural disasters of the international economy did not change the fundamentals of China's economic development, and the national economy continued to develop towards the expected direction of macroeconomic regulation and control.

In the second half of the year, we should continue to strengthen and improve macro regulation and control, keep the economy steady and rapid development and control the rapid rise in prices as the primary task of macro regulation and control, put the suppression of inflation in a prominent position, and promote the good and rapid economic and social development.

According to relevant data, in May this year, the price of production materials rose by nine point two percentage points, sixty-eight point four percent of which was driven by the rising price of iron ore and coal and oil at home and abroad, which was a typical cost driven price increase. In the first half of this year, China exported six hundred and sixty-six billion and six hundred million US dollars, an increase of twenty-two percent over the same period last year. The growth rate was five point seven percentage points lower than that of the same period last year. The export of mechanical and electrical products was three hundred and eighty-eight billion and eight hundred million US dollars, an increase of twenty-five percent, accounting for fifty-eight percent of the total export value of the same period, which was two percentage points higher than that of the same period last year.

The export growth of traditional commodities shows signs of slowing down.

Clothing and accessories exports fifty billion US dollars, an increase of three point four percent; footwear exports thirteen billion and five hundred million US dollars, an increase of twelve point five percent.

Two in 00 to eight years, from April to May, CPI in some countries, China seven point seven percent, Singapore seven point five percent, Thailand seven point six percent, Indonesia ten point four percent, Philippines nine point six percent, India seven point nine percent, Vietnam twenty-five point two percent, Russia Ross eight point seven percent. In the first half of this year, in the composition of CPI, food weight China accounted for eight point seven percent, the United States eight point seven percent, European Union, Japan.

The United States, the European Union and Japan are China's first, second and fourth major export markets, accounting for forty-seven point six percent of China's exports in two, 00 and seven years.

From January to April this year, exports to the United States and the European Union all fell, and US exports increased by seven percent, much lower than nineteen percent in the same period last year. The EU's exports grew by twenty-five percent, down from Thirty-three percent last year.

Two in 00 and seven years, the cost of textile and garment labor in China's coastal areas quickly approached the threshold of US $1 per hour, and the labor cost of textile industry in Vietnam, Kampuchea, Bangladesh and Indonesia was only zero point two nine US dollars, zero point three six US dollars, zero point two two US dollars and zero point three six US dollars per hour respectively.

Feng Fei, Minister of the Ministry of industry and Economic Research of the State Council Development Research Center, said that the peak period of the current economic growth has passed, and the trend of gradual deceleration began to appear.

The leading factors that are driving the rise of CPI are changing. The increase in energy and resource prices has strengthened the role of consumer price increases. In May, sixty-eight point four percent of the nine point two percentage point increase in producer goods prices was driven by the rising price of iron ore and coal and stone oil at home and abroad, which is a typical cost driven price increase.

Feng Fei believes that China's manufacturing industry's supporting system, policy stability, labor quality, industrial culture and other comprehensive advantages are still there.

Enterprises mainly focus on upgrading clusters, upgrading their structures, adjusting the export enterprises' strategies and innovating the system.

The openness and complementarity of industrial development, such as product innovation and technological innovation, management innovation, marketing innovation and system innovation, are becoming increasingly prominent.

Through the global pfer of industries, the developed countries have effectively promoted the process of industrial structure upgrading. The overall competitive advantage of their industries has been continuously strengthened, and the global pfer of industries is an important way of industrial upgrading in developed countries.

The international production network of manufacturing industry has expanded rapidly, and the international industrial pfer has gradually evolved from the gradient pfer of industrial structure to the gradient pfer of industrial value chain.

The openness and complementarity of industrial development, such as product innovation and technological innovation, management innovation, marketing innovation and system innovation, are becoming increasingly prominent.

Through the global pfer of industries, the developed countries have effectively promoted the process of industrial structure upgrading. The overall competitive advantage of their industries has been continuously strengthened, and the global pfer of industries is an important way of industrial upgrading in developed countries.

The international production network of manufacturing industry has expanded rapidly, and the international industrial pfer has gradually evolved from the gradient pfer of industrial structure to the gradient pfer of industrial value chain.

The combination of science and technology policy, competition policy and industrial policy has become a new trend of industrial policy in developed countries, and the government's strategic planning and related policies play a guiding role in promoting it.