How To Cope With The Decline Of International Competitiveness Of China'S Manufacturing Industry?

China's manufacturing cost is almost the same as that of the US, according to a survey of the global economic shift of manufacturing industry.

The top 25 economies in the world are based on the United States (100).

The cost index is 96, that is, the cost of manufacturing the same product in the United States is US $1, then in China, it needs us $0.96, and the gap between the two sides has been greatly reduced.

For example

The cost of spinning industry in China is 30% higher than that in the United States.

Enterprises began to build production base in the United States.

In fact, the spinning industry is only a microcosm of China's manufacturing. With the increase of labor and energy costs, the international competitiveness of China's manufacturing industry has declined.

Standard group (Hongkong) Co., Ltd. is always paying attention to the changes in the international market. In recent years, the export of light industry in China has been obviously felt pressure. With the continuous increase of domestic production, the export industry in China has not been able to attack the international market at a low price. The increase of production cost is bound to reflect the prices of export products.

With the export of new manufacturing oriented countries entering the international market with low price and cost products in the past, the competitiveness of manufacturing industry in some countries is gradually highlighting.

And Mexico, which is mainly due to sustained productivity improvement, stable exchange rate and huge energy advantages.

With these advantages, the manufacturing cost gap between China and the United States has been reduced to less than 5%.

At present, China occupies an important foreign trade pillar product - the textile industry is facing great challenges. This is just a microcosm of China's manufacturing industry. The cost of manufacturing industry in China is generally rising, not the situation of an industry. Then, standard group (Hongkong) Co., Ltd., as the leader of the textile instrument industry, is inevitably faced with the weakness of the textile industry.

As the main market of the textile industry, the textile and instrument industry is facing the downturn of the domestic textile industry. How should we face it?

As far as the world market is concerned, the huge demand for textile market is always there, but the production base is not static. For manufacturing industry, the manufacturing industry has the most advantage. The manufacturing center is there. What reports can we show that the textile manufacturing industry will gradually shift from China to the areas where production costs are cheaper or more advantageous, such as Southeast Asian countries, African markets and South America?

It is obvious that the textile instrument industry is developing along with the development of the textile industry, so where our customers go, where is our market? Therefore, the head of the marketing department of the standard group (Hongkong) Limited thinks that our textile instrument enterprises should actively plan the international road, and do not necessarily have to invest and build factories abroad. However, we must do a good job in the foreign trade market, make positive use of existing industry advantages and government support policies, actively explore overseas markets, and focus on foreign trade, and seize the market opportunities.