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According to the American Institute of Supply Management (ISM) data, since August 2009, the US manufacturing PMI index is basically above 50, only a few months between 49 and 50, and since 2010, the US manufacturing industry The prosperity is mostly above China.
In general, the advantages of US manufacturing come from innovation and technology, but now the advantages of US manufacturing are expanding and costs are gradually decreasing. Although the wages of Chinese manufacturing workers are still far below the level of the United States, the cost gap between China and the United States is gradually narrowing, because in recent years China’s labor force has grown at an alarming rate. From 2005 to 2010, the wage level of Chinese workers Increasing at a rate of 19% per year.
According to a research report by the Boston Consulting Group, manufacturing is returning to the US from China as China's rising wages are weakening its competitiveness. This shift may increase the United States by 2.5 million to 5 million jobs, and the United States is gradually becoming one of the countries with the lowest manufacturing costs in developed countries. Cheap natural gas resources have turned into important competitive advantages for many US industries, especially for the chemical and plastics industries, but also for manufacturers of primary metals, paper and synthetic textiles.
Insiders analyzed that the revival of US manufacturing has been challenging China's "world factory" status. If the US manufacturing industry is to make a comeback, China has no advantage in terms of technology, marketing and branding. With the rapid rise of labor costs in China, the Southeast Asian region will have a more cost advantage, which undoubtedly creates a double-sided attack on China's manufacturing industry. Therefore, the upgrading of China's manufacturing industry is very urgent.
Abstract Recently, China, the Eurozone, and the United States have successively announced the Manufacturing Purchasing Managers Index (PMI). The data of major economies are all brilliant, all located above the dividing line of 50, which boosted the market's optimistic expectations for global economic and economic growth. . Data display
Recently, China, the Eurozone, and the United States have successively announced the Manufacturing Purchasing Managers' Index (PMI). The data of major economies are all brilliant, all located above the dividing line of 50, which boosted the market's optimistic expectations for global economic and economic growth.