The Days Of China's Manufacturing Industry Are Generally Not Very Good In Recent Years.

A large amount of capital began to flow to non real economic sectors such as finance. But do you know that behind this phenomenon, there is actually no small risk. McKinsey recently issued a report to remind China that the fundamentals of manufacturing must be kept well. To this end, McKinsey also suggests that China can actually rely on robots. This... Are you sure you're not cheating?

The sharp increase in labor costs is one of the triggers of China's current economic structural problems. Over the past 30 years, China has achieved rapid economic growth through massive infrastructure investment and relatively low labor costs. But the cost of labor in China is no longer what it used to be.

China's choice of McKinsey Co: the opportunity to seize the US $5 trillion productivity opportunity released by the McKinsey Co in June this year quoted data from China during the ten years from 2004 to 2014. The labor The cost increased by 2.5 times. At the same time, compared with the United States, France and other countries, China's business owners need to bear the burden of employee social security costs, which is also very heavy.

For example, the rising labor cost has already damaged the competitiveness of some labor-intensive industries in China, for example, the share of China's footwear industry in global exports has dropped from 52% in 2010 to 46%, but the share of Vietnam's share of the industry is increasing, like in Vietnam, Kampuchea and Indonesia. In addition, China's textile industry also encountered a similar impact.

Labor costs rise, investment driven economic model No longer considered sustainable. This triggered the spanformation of China's economy. But the current spanformation attempt seems incomplete. DT Jun found from McKinsey's report that the contribution of manufacturing to China's economy has been greatly reduced, and the financial services industry has become the most important industry in China's economy at present. That is to say, the financial industry has become the main source of China's economic profits.

But it is noteworthy that from the manufacturing industry to the financial industry, there is a great deal behind it. risk 。 The bitter experience of America is the best evidence. 2008, during the financial crisis in 2011, the US economic losses amounted to US $419 billion. The financial sector accounts for the lion's share of the losses.

After coming out of the financial crisis, the US research and development enterprises have sprung up, occupying the throne of "the most cost-effective industries", which has brought the US economy to a rapid recovery and returned to the top of the world properly in three years, with an economic return of US $535 billion. DT Jun feels that if we lose the stable real economy and rely solely on the "high prosperity" of the financial industry, the consequences will be unthinkable once the risk has erupted in a large scale.

No wonder Foxconn has to introduce robots instead of artificial ones. It should be noted that although more developed provinces and cities have gradually realized the importance of R & D, it is not easy to advance. For many enterprises, continuous investment is needed to do well in R & D. Many times, a lot of R & D funds are not likely to get much profit, and most enterprises are not willing to take risks to carry out large-scale R & D innovation.