China's Low-End Manufacturing Industry Is Moving Faster And Faster.
after Many years After its development, China's foreign trade is facing the embarrassing situation of "low-end" being eaten up and high-end "not going up". According to Customs Statistics yesterday, the total value of imports and exports in China in the first 8 months was 17 trillion yuan, an increase of 0.6% over the same period last year, up 0.4 percentage points from 1-7 months, but far below the 7.5% target. Among them, exports were 9 trillion and 100 billion yuan, an increase of 2.1%; imports of 7 trillion and 900 billion yuan, a decrease of 1.1%; trade surplus of 1 trillion and 200 billion yuan, an expansion of 28.7%.
In recent years, many relatively low-end manufacturing industries have been turning to Southeast Asian countries such as Vietnam, Kampuchea, Burma and Bangladesh, while China is gradually aiming at high-end manufacturing market. China has to move to the high value-added industry chain before its neighboring countries are fully squeezing into low value-added areas. severe The environment has forced a positive spanformation in China's manufacturing industry, and the continued appreciation of RMB and wage increases have blocked the expansion of some labor-intensive industries, and low-end enterprises are also constantly reintegrating their business strategies.
Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce and international trade and economic cooperation, admitted that although the cardinal number is an important reason for the slowdown in the growth of foreign trade this year, there are favorable factors such as the rebound in the international market and the appreciation of the renminbi. After the elimination of the cardinal number, the growth rate of foreign trade in 5, 6, 7 and August is still not as high as 7.5%. China's foreign trade growth is facing some deep-seated problems. The developed countries in the United States and Britain have returned to the high-end manufacturing industry, and the low-end manufacturing industry has also accelerated to spanfer to Southeast Asian countries. The foreign trade is at an awkward position of low and not high, and its competitiveness is weakening.
"During the financial crisis in 2008, although the economy was sluggish, profits could still be around 10%, but now the profit is only about 4%. In order to maintain reasonable profits, many peer enterprises have moved to some low cost countries such as Southeast Asia." The vice president of the Ya Po Road chamber of Commerce, the general manager of Beijing (Beijing boutique) Bodhi economic and Trade Co., Ltd. and the Beijing Business Daily reporter revealed that in recent years, various costs have been rising. This year, the workers' wages in the Yangtze River Delta and Pearl River Delta factories have risen by 7%-8%, and the prices of raw materials are also rising.
Data show that in the first 8 months, bilateral trade between China and Europe (Central European franchised stores) totaled 2 trillion and 480 billion yuan, an increase of 9.9%; the total trade between China and the United States was 2 trillion and 170 billion yuan, an increase of 4.4%; the total value of bilateral trade between China and ASEAN was 1 trillion and 850 billion yuan, an increase of 4.2%; bilateral trade between China and Japan amounted to 1 trillion and 250 billion yuan. increase 0.5%, bilateral trade between the mainland and Hongkong amounted to 1 trillion and 370 billion yuan, down 17.9%.
In the first quarter and April, foreign trade data declined. At that time, officials had said that this means that the monthly growth rate will reach 11.3% from May, which will achieve the target of 7.5% in the whole year. However, whether it is 6.4% in July or 3.9% in August, it is far from achieving such a standard.
In the view of Bai Ming, facing the dual pressure of China's current foreign trade, we need to play the role of industrial agglomeration and supporting advantages in China's manufacturing industry. Although Southeast Asia and India have advantages in labor costs, there is still a big gap between industrial agglomeration and supporting industries. We should learn from each other's weaknesses. On the other hand, although the labor costs in the eastern coastal areas of China are relatively high, the labor force in the central and western regions is relatively low. It is necessary to speed up the shift of labor-intensive industries to the central and western regions, so as to avoid direct relocation of enterprises due to cost reasons.
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