Abstract According to media reports, on the eve of the Spring Festival, Japan's leading watch companies in China production base Citizen - Citizen Precision (Guangzhou) Co., Ltd. announced the dissolution of liquidation, more than a thousand employees labor contracts are canceled, the deadline from the factory. At the same time, Microsoft is...
According to media reports, on the eve of the Spring Festival, Citizen Precision (Guangzhou) Co., Ltd., a production base of Citizen, a well-known Japanese watch company, announced its liquidation and dissolution. More than 1,000 employees were dismissed from labor contracts and left the factory within a limited time. At the same time, Microsoft plans to shut down the Nokia Dongguan plant and the Beijing plant, and accelerate the delivery of production equipment to the Vietnam plant. Microsoft will cut 9,000 people in Dongguan and Beijing. Other well-known foreign-funded enterprises, such as Panasonic, Daikin, Sharp, TDK, etc., plan to further promote the manufacturing base to move back to Japan. World-renowned companies such as Uniqlo, Nike, Foxconn, Funai Electric, Clarion, and Samsung have opened new factories in Southeast Asia and India, accelerating the pace of evacuation from China.
Once the world's manufacturing plants and highlands were built, why are they facing such a serious problem of evacuation of foreign companies? If the foreign enterprise was evacuated in 2008, it could be difficult to use the development of the foreign enterprise itself. If the investment had problems to explain and explain, the foreign company’s withdrawal would have more realistic reasons. A large number of internationally renowned companies have withdrawn from China, and we have felt something that is not so easy. These factors have added a lot of uncertainty to the Chinese economy in 2015.
Since the outbreak of the financial crisis, China has adopted a series of steady growth measures, especially investment, which can be said to be round and round, but economic growth is not satisfactory. Especially since the second half of last year, the economy has entered the downward channel. The real economy, especially in the manufacturing industry, has experienced serious problems. It can not only provide support for stable growth, but also become a drag on stable economic growth.
The Chinese economy, which stands as a pillar of manufacturing, has become a drag on the manufacturing industry. In connection with the economic strategy mistakes of the past decade, the implementation of the virtual economy dominated by the real estate industry has caused a serious imbalance in the Chinese economy. Although the Chinese economy has grown to become the world's second largest economy after more than 30 years of development, the foundation of the Chinese economy is very weak. For a considerable period of time after the 1997 Asian financial crisis, China was an export-oriented economy. Sacrificing the environment, resources and squeezing the value of labor to promote economic growth, but as long as the cost advantage disappears, the export-oriented economy will have no vitality.
The investment-led approach represented by real estate and urban construction can only play a phased and short-term role in China's economic growth, and it cannot make the economy enter a sustainable development track. In order to achieve sustainable development, China only relies on the real economy and the manufacturing industry. However, in the more than ten years of the bubble industry development of the real estate industry, the upgrading of the real economy, which is the main body of the manufacturing industry, has been delayed. The Chinese economy has experienced serious hollowness. State.
The massive withdrawal of foreign companies from China is related to the sharp decline in profits and returns that manufacturing can provide. Think about it, China's private capital is reluctant to stay in the manufacturing industry. Why should foreign capital stay in the manufacturing industry? What's more, labor costs in countries such as Southeast Asia and India are low.
Although some foreign companies have withdrawn from China, they should not worry too much, because the withdrawal of foreign capital is also related to China's economic transformation. On the one hand, most of the internationally renowned companies such as Microsoft Nokia and Panasonic have withdrawn from China, and the majority of their production capacity is low-end manufacturing. It is also the next industry that China needs to adjust. On the other hand, China has made great progress in these areas. Local companies are fully capable of competing with these internationally renowned companies. In this case, their profitability and market competitiveness have greatly decreased. These foreign companies have seen this situation and made early strategic adjustments, reflecting their flexible business strategies. From this perspective, the negative consequences of the withdrawal of foreign companies from China do not have to be overstated. In contrast, the phenomenon of foreign companies returning to their home countries in China needs more attention. Returning foreign companies, especially those in the manufacturing countries such as the United States, Japan, and Germany, mainly produce high-end products. This is also the focus of China's economic restructuring and transformation in the next step. If they are evacuated, the consequences will be more serious.
Although the withdrawal of foreign companies engaged in low-end manufacturing from China will have little impact in the long run, the impact on the Chinese economy cannot be ignored in the immediate future, especially in 2015. The Chinese economy is in a difficult state. If foreign companies withdraw in large numbers, they will have a new impact on the Chinese economy. Therefore, how to improve the investment environment and pay more attention to the development of the real economy, especially the manufacturing industry, needs to be highly valued.
In 2015, it entered the real test period of manufacturing development. Especially in Guangdong, Jiangsu, Zhejiang and other places as key manufacturing regions, we should focus on revitalizing the manufacturing industry and not indulging in the development model of urban construction through debt.
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