At Present, China Has Been Climbing Up The Ladder Of Production.

The poor performance of China's foreign trade is largely due to the global economic downturn.

But surprisingly, despite the decline in exports in September, China is still a leading exporter in furniture, clothing, footwear and toys industries, although China's wage level has increased substantially in recent years.

According to the Asian Development Bank, wages in China are currently four times higher than those in Bangladesh, Burma, Kampuchea and Laos.

Nevertheless, "made in China"

Cheap, mass produced products are still selling well.

According to the report, China's focus on the manufacture of labor-intensive goods is a historical decision.

After opening up to the outside world in the late 70s of last century, China relied on two pillars to lead poor countries towards a better future.

First of all, the state led investment has played an important role. Secondly, the endless labor reserve constitutes the basis for the production of simple products such as furniture, clothing, shoes and toys.

Human capital is cheap, and the production chain is very short, because the materials needed for processing are locally available.

Although it is still relatively cheap, there are still hundreds of millions of Chinese in the rural areas waiting to work in the eastern coastal areas.

But at the same time, China has developed into a production base for assembling electronic products and machinery.

These commodities once produced division of labor in production.

The first step is to supply spare parts to Japan, Korea and Taiwan in Europe and America, where the technology level is further reprocessed (the second step), and then the third step is assembled and finished in China (mainland).

During this period, because of the clear division of labor, the growth rate of world trade was faster than the growth rate of global economic output.

Nevertheless, China is still the world's leading producer of labour intensive products, which puzzles economists.

Originally, they expected Bangladesh or Vietnam to benefit from China's wage increase.

And, according to the data of the Asian Development Bank, Bangladesh is the second largest textile exporter in the world, and many foreign companies invest in mobile phones and electronic products in Vietnam.

Compared with important export countries, China still has a favorable position in labor-intensive products, although signs of stopping growth have been shown for nearly two or three years.

But the IMF economist is in China.

And its significance to Kampuchea, Laos, Burma and Vietnam's economy does not call it a new trend.

Coastal areas in eastern China are still producing places for export of specific labor-intensive products.

Reported that the U.S. presidential candidate Ianka Trump's daughter, Wan card, also knows its value.

The woman entrepreneur made the Huajian group in Guangdong, China, produce shoes of the same brand.

Although her father said he would bring such jobs back to the United States, his daughter's company now told people how empty these words were.

It is said that Huajian group is considering pferring footwear production to Ethiopia because it is cheaper.

The workshop that left the United States many years ago will not come back again.

This is what Donald Trump can learn from his daughter.