Dislocation Of Downstream Polyurethane Industry Upgrading
Since last year, China has tried to pform its export product types, from low-end products to high-tech products, which has led to the collapse of China's downstream textile and footwear manufacturers. Economists from Moodie economic network believe that the timing of China's industrial upgrading is wrong. He said that China's booming trade has always depended on exports of low-end necessities such as textiles and clothing.
However, with the development of economy, the government will become keen on the development of advanced technology products. However, these products are more sensitive to the global economic cycle and will suffer more in difficult times. Therefore, China will probably focus on the areas it is currently good at until the global economy begins to recover.
This has also become the fundamental reason why the Chinese government is constantly making policies to save downstream manufacturing industries. In just a few months, the Chinese government has raised the export tax rebate rate for the three time, and issued relevant policies to encourage the development of microfinance companies to alleviate the urgent need for SMEs financing.
The door between China's financial system and the rest of the world has not stopped the spread of negative emotions. This once again shows that the world economic ties have become increasingly close. No player can stay out of the global recession. Compared with industrial upgrading, the Chinese government is more important to maintain the original economic growth point and stabilize the social environment.
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