"Made In China", China Is Expected To Become The Number One In The World Next Year?

Nowadays, people pay close attention to "made in China".

Recently, an American economic consulting firm predicted that China will overtake the US as the world's largest manufacturing country next year due to the US economic downturn.

According to this prediction, next year, China will occupy 17% of the global manufacturing industry's $11 trillion and 783 billion value added, which is 16% higher than that of the United States.

Some economists say this change will end the US dominance in the manufacturing sector for more than 100 years, and will make China occupy the status of 1800 before returning to 1840.

In 1840, Britain became the largest manufacturing country in the world after the industrial revolution.

The figures are very impressive and the prospects look even more beautiful.

But sometimes, quantity may not be everything.

Naturally, nowadays, "made in China" is everywhere and has become an indispensable part of people's daily life all over the world. This has made China win the reputation of "world factory" and let us surpass the developed countries in the world's manufacturing rankings.

This is certainly a remarkable achievement for a country that is still useless 30 years ago.

But if you notice the other side of the coin, you will find that this is not perfect.

It should be said that the international status of China's manufacturing industry is mainly reflected in total quantity, but there is still a gap between quality and developed countries.

Data show that, as a comprehensive index to measure the input output efficiency of an economy, the added value rate of the US and Japan is about 0.55, while that of China is less than 0.4. In addition, from the contribution coefficient of intermediate input, the intermediate input of 1 unit values of developed countries can get 1 units or more new creative value, while China can only get 0.56 units of new creative value.

Some economists have cited a more intuitive example: in the WAL-MART supermarket in the United States, a "Bobbi Doll" retail price is 9.9 dollars, and its factory price is 1 dollars, which means that in this value chain, the Chinese factory that made it has paid a lot, but has only received 1/10 value.

To a certain extent, in the era of economic globalization, the shrinking of manufacturing industry sometimes does not mean the decline of industrial competitiveness.

On the contrary, developed countries are able to enhance their control over the manufacturing industry and the competitiveness of the industry because of their role in changing the role of the coordinator and controller in the value chain, and get the most value in the value chain.

Yale University research professor Peter Short's research report also pointed out that industrial countries have already made better and higher quality products to cope with competition from China and other countries.

China's manufacturing industry is generally in the middle and lower reaches of the world manufacturing industry chain, and it is also vulnerable to factors such as low cost, lack of core technology, small brands and lack of discourse power.

Therefore, rather than complacent in the seemingly beautiful data, it is better to reflect on the reality of "made in China" through the response plan of "developed countries". Perhaps, compared with the breakthrough of successful implementation, the pformation of quality will be more important -- enhancing the status of "made in China" in the global division of labor system and realizing the upgrading of manufacturing industry is imperative, though this will have a painful process.