London Olympics Distorted "Made In China" And "Chinese Demand"

The Olympic Games are hot, and "made in China" is competing for London. "Amazing" is a "rich" color. "Saliva" and "brick" are flying together. The rare drought in the United States has accelerated the take-off of soybean prices and the price of metal has been falling.

Let's first look at "made in China". Chinese products accounted for 65% of the 194 souvenirs listed on the London Olympic website. Zhejiang Yiwu, known for its small commodities, has made many kinds of licensed products in London Olympic Games. But "made in China" has made some American politicians burn the candle. The official uniform of the US Olympic delegation was "made in China". Reed, the majority leader of the Senate, even claimed that the Olympic shirts should be burned and then reproduced by the American textile mill. But the time was tight and the task was heavy. Finally, the American athletes walked into the London arena wearing "made in China" uniform. In this regard, a commentary by Liu Chuanzhi, the founder of Lenovo Group, can hit the nail on the head: "those who pretend to sleep will never wake up."

In the process of global economic integration, the value chain of commodities can not be simply attributed to "made in China" or "made in the United States". Even the "made in China" Olympic clothing, most of the profits in the US sales process flow into the pockets of Americans.

In August 1st, another piece of "made in China" came across the air. An article clearly points out that "in the Chinese Olympic team and other teams of individual sports teams. clothing "We can see some Chinese brands," but the title is "the absence of Chinese brands in London". There is no doubt that the mistakes are generalize. It is important to win the attention, but first we should respect the facts.

It is understood that all the London Olympic Games 25000 computer equipment, all from Acer, Taiwan, China. PEAK provided equipment for the 7 Olympic delegation. Hongxing Erke attracted the attention of 3 National Olympic committees. Jordan designed the London Olympic award dress for 3 delegations.

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"Made in China" is cheap and fine, but we must admit that "made in China" is facing the dilemma of rising production costs, and manufacturing industries in India, Vietnam and Laos are also rising. However, "Rome is not built in a day" and "how can China create"? How can we rise abruptly? "Before there are wolves, then there are tigers". After being reinvented, China is undergoing transformation in the middle of pain, and in the middle stage of exploration, the "made in China" after Nirvana will be more brilliant.

In the face of "made in China", foreign media wear colored glasses and think that "made in China" is synonymous with cheap goods; while facing "China's demand", foreign media have copied the mirror. "China's demand" is high. They exclaim that commodity prices are going to be fired up. "China's demand" is low. They worry that commodity prices will be lost again. Is everything all caused by "China's demand"? Whether high or low, "China's demand" is always lying in the middle of a gun, and it has become an excuse for commodity prices to rise or fall.

Take soybeans and non-ferrous metals for example. "China's demand" is a huge existence. It should be taken seriously instead of being regarded as the chief culprit. The US soybean producing area has suffered the worst drought in 50 years. Australia's Macquarie Bank has said that soybean prices may rise further and become higher, so that China's import demand can be restricted. In fact, the acceleration of take-off of soybean prices is behind China's huge and solid buying. Moreover, high soybean prices are threatening the normal operation of China's crushing enterprises and challenging China's food security.

The Chinese factor of metal price is also being magnified. In July 31st, the United Kingdom published an article entitled "the Chinese factor of falling metal prices". The article thinks that the price of industrial metals has dropped to a low point for many years, and China is a major reason. A series of factors have reduced the production cost of Chinese metal enterprises, thus lowering the imaginary bottom of metal prices.

In fact, in most metal markets, China is also the most important supplier with the ability to adjust the balance of the market. Moreover, the drop in metal prices has occurred in the context of slowing economic growth in Europe, China and the United States.

What is more distressing is that demand does not represent the right to speak, what China buys and what China sells, what is the root cause of this problem is the lack of a price formation mechanism based on futures trading market. Only by speeding up the development of China's futures market and gradually establishing a commodity futures trading market with international influence can we gradually gain the pricing power of commodities.

Despite the wind and rain, I stroll freely. Accumulating "positive energy" is the best answer to distorted "made in China" and "Chinese demand".