In the context of the financial crisis, Chinese manufacturing has suffered as much damage as the global manufacturing industry. When the shadow of the financial crisis has not completely disappeared, it is facing tremendous pressure on energy conservation and emission reduction. Recently, the Ministry of Finance and other departments have issued a policy to cancel the export tax rebate for 406 kinds of commodities. For China's manufacturing industry, which is in the middle of industrialization, how will it deal with the impact of many of the above uncertain factors?
In an interview with reporters, Asian Manufacturing Association CEO and Luo Jun believe that rising labor costs is only one aspect of China's manufacturing industry's accelerated transformation, and may be the main factor. China's industrialization started late, and it was at the low-end of the industrial chain for a long period of time, which limited the expansion of China's manufacturing industry, causing some manufacturing industries to collapse due to cost pressures.
In Luo Jun's view, the appreciation of the renminbi and rising costs are an inevitable trend, indicating that China's manufacturing industry will encounter more and greater resistance in industrialization projects, and these obstacles are not imposed by others, mainly industrial development. The inevitable law. At present, the wages of labor in China's manufacturing industry are generally around 1,500 yuan, basically increasing by 300-500 per year, while the labor costs of industrialized start-up countries such as Vietnam and Indonesia are about half cheaper than China's.
In addition, the appreciation of the renminbi is strictly a symbol of the country's economic strength and marks an increase in the competitiveness of a country. However, interference from other political factors and abnormal factors is not excluded. The appreciation of the renminbi will be a serious blow to some Chinese manufacturing industries that have long relied on the advantages of low labor costs. Increased costs will result in lower product competitiveness. Whether the rise in labor costs or the appreciation of the renminbi will undoubtedly further reduce the international space of China's manufacturing industry, but the role of the closure mechanism cannot be ignored. China's manufacturing industry must transform from low-end manufacturing to high-end manufacturing and green manufacturing. It is the best choice to rely on technological competitiveness to enhance product competitiveness.
Luo Jun pointed out that the "world factory" has boosted the position of the Chinese economy in the international arena, but as of today, it has set many conditions for the further development of the Chinese economy and brought a lot of development pressure. Mainly manifested in the rough development model, which brought severe environmental pressure and energy saving pressure. How can China's manufacturing industry cross the mid-to-late stage of industrialization as soon as possible, how to build a green industrial system, and how to promote the rise of high-end manufacturing is the most urgent task at present.
According to Luo Jun's analysis, from the perspective of recent policies, the state has cancelled 406 kinds of export tax rebates. The main signals behind the policy are three signals: First, the need for industrial restructuring, the ultimate goal of industrial restructuring is to achieve green growth of industry, restrictions Export of high-energy-consuming products, accelerate the elimination of backward production capacity, and achieve energy conservation and emission reduction. On the list of goods subject to tax rebates, the proportion of primary products is relatively high, indicating the country’s determination to eliminate low value-added products and backward production capacity. Second, the need for structural adjustment of foreign trade. Over the years, China’s export share has been high, the proportion is large, and the surplus is large. It has brought a lot of competitive pressure to other countries’ products and is also at a disadvantage in the international arena. The added value of Chinese goods is very low, and a large amount of raw materials are consumed. Such a trade surplus will gradually appear to the side of the economy. As China's industrialization process accelerates, the pace of China's industrial transformation to high-end manufacturing will accelerate. The third is to curb the need for inflation.
Luo Jun said that the pace of China's economic adjustment will be further accelerated in the future, rather than slowing down. The pace of economic growth may be appropriately reduced, and more attention will be paid to the improvement of economic quality, which means that the cultivation of high-end service industry and high-end manufacturing industry will be strengthened. There will be no major changes in the macroeconomic aspects of the economy. The trend of strong economic growth in China will not change significantly. This is mainly because the Chinese market has not changed and demand is still strong. Some industries, such as the real estate industry, will enter a new round of adjustment cycle, and high-energy and high-pollution industries will basically be cured. It is expected that after three to five years of adjustment, China's industrial development will be upgraded to a new level, and a green, low-carbon, sustainable development model will be basically established.
In an interview with reporters, Asian Manufacturing Association CEO and Luo Jun believe that rising labor costs is only one aspect of China's manufacturing industry's accelerated transformation, and may be the main factor. China's industrialization started late, and it was at the low-end of the industrial chain for a long period of time, which limited the expansion of China's manufacturing industry, causing some manufacturing industries to collapse due to cost pressures.
In Luo Jun's view, the appreciation of the renminbi and rising costs are an inevitable trend, indicating that China's manufacturing industry will encounter more and greater resistance in industrialization projects, and these obstacles are not imposed by others, mainly industrial development. The inevitable law. At present, the wages of labor in China's manufacturing industry are generally around 1,500 yuan, basically increasing by 300-500 per year, while the labor costs of industrialized start-up countries such as Vietnam and Indonesia are about half cheaper than China's.
In addition, the appreciation of the renminbi is strictly a symbol of the country's economic strength and marks an increase in the competitiveness of a country. However, interference from other political factors and abnormal factors is not excluded. The appreciation of the renminbi will be a serious blow to some Chinese manufacturing industries that have long relied on the advantages of low labor costs. Increased costs will result in lower product competitiveness. Whether the rise in labor costs or the appreciation of the renminbi will undoubtedly further reduce the international space of China's manufacturing industry, but the role of the closure mechanism cannot be ignored. China's manufacturing industry must transform from low-end manufacturing to high-end manufacturing and green manufacturing. It is the best choice to rely on technological competitiveness to enhance product competitiveness.
Luo Jun pointed out that the "world factory" has boosted the position of the Chinese economy in the international arena, but as of today, it has set many conditions for the further development of the Chinese economy and brought a lot of development pressure. Mainly manifested in the rough development model, which brought severe environmental pressure and energy saving pressure. How can China's manufacturing industry cross the mid-to-late stage of industrialization as soon as possible, how to build a green industrial system, and how to promote the rise of high-end manufacturing is the most urgent task at present.
According to Luo Jun's analysis, from the perspective of recent policies, the state has cancelled 406 kinds of export tax rebates. The main signals behind the policy are three signals: First, the need for industrial restructuring, the ultimate goal of industrial restructuring is to achieve green growth of industry, restrictions Export of high-energy-consuming products, accelerate the elimination of backward production capacity, and achieve energy conservation and emission reduction. On the list of goods subject to tax rebates, the proportion of primary products is relatively high, indicating the country’s determination to eliminate low value-added products and backward production capacity. Second, the need for structural adjustment of foreign trade. Over the years, China’s export share has been high, the proportion is large, and the surplus is large. It has brought a lot of competitive pressure to other countries’ products and is also at a disadvantage in the international arena. The added value of Chinese goods is very low, and a large amount of raw materials are consumed. Such a trade surplus will gradually appear to the side of the economy. As China's industrialization process accelerates, the pace of China's industrial transformation to high-end manufacturing will accelerate. The third is to curb the need for inflation.
Luo Jun said that the pace of China's economic adjustment will be further accelerated in the future, rather than slowing down. The pace of economic growth may be appropriately reduced, and more attention will be paid to the improvement of economic quality, which means that the cultivation of high-end service industry and high-end manufacturing industry will be strengthened. There will be no major changes in the macroeconomic aspects of the economy. The trend of strong economic growth in China will not change significantly. This is mainly because the Chinese market has not changed and demand is still strong. Some industries, such as the real estate industry, will enter a new round of adjustment cycle, and high-energy and high-pollution industries will basically be cured. It is expected that after three to five years of adjustment, China's industrial development will be upgraded to a new level, and a green, low-carbon, sustainable development model will be basically established.
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