三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Economy

Cloud of costs hurting companies has a silver lining

By Siva Sankar (China Daily) Updated: 2016-03-23 08:19

Cloud of costs hurting companies has a silver lining

A Chinese technician displays textile equipment at an international exhibition in Ho Chi Minh City, Vietnam, which attracted 125 companies from Vietnam, China, Japan and South Korea. [Photo/Xihua]

Last week, Tianneng Group of Zhejiang province in East China, which makes lead-acid batteries for electric vehicles, said it will set up a new plant in Southeast Asia, closer to its clients, amid surging production costs in China.

Tianneng's decision wouldn't surprise China's auto industry and ancillary players, many of whom are based south of the Yangtze River. Hurt by rising costs like wages, they are eager to either set up new plants in ASEAN countries, mainly Vietnam, or relocate altogether, by coasting on the ASEAN-China Free Trade Agreement.

According to one expert, the trend should not alarm China. It is, nevertheless, strong enough to warrant PowerPoint-backed talks over executive breakfasts at five-star hotels in Beijing.

I recently attended one such talk organized by the German, British, French and Swedish chambers of commerce. The audience included executives from small and medium-sized foreign firms, a contrast to mega corporations that rely on in-house experts like economists to make sense of the Western media's gloom-and-doom discourse on China's economic slowdown.

The ACFTA, as part of a larger "mess" of ever increasing, overlapping FTAs, is a hot topic.

The audience wanted to know: Is it time to relocate from China to ASEAN countries?

A female official of the Liuzhou New and High-Tech Industrial Development Zone in the Guangxi Zhuang autonomous region, bemoaned that in spite of preferential policies, auto supplier companies are leaving in droves for Vietnam. Why? Can something be done to stop the exodus?

The speaker, Fabian Knopf, head of the German Desk at Dezan Shira & Associates, a global business consulting and financial advisory firm, didn't proffer facile answers. But he is convinced the China-ASEAN dynamic may not be a bad thing for Chinese businesses.

Regional division of labor, he said, could help all as each market will get to specialize in one business function-R&D, components or logistics. Other positives include an opportunity for China to pressure Chinese and foreign companies alike to shift light manufacturing away and make way for high-end manufacturing.

This shift has already happened in textiles, he said. "Perhaps countries like Vietnam and Cambodia might be interested in taking some of the old manufacturing from China. And companies in China, hurt by rising labor costs, could also use it as an opportunity to invest in staff development and improve productivity to reduce costs."

The rise of ASEAN as a cheaper manufacturing and services alternative should not cause concern to China, he assured. ASEAN countries may have lower costs and consumer markets larger than Europe and parts of the United States, but their infrastructure is not comparable to China's, not only in terms of "bridges, roads and railways" but "supplier networks, consumer networks, logistics", individuals' skills and industry's skills.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 在线看片网址 | 视频一区免费 | 女教师的一级毛片 | 青草资源视频在线高清观看 | 日韩欧美中字 | 国产成人毛片视频不卡在线 | 国产精品亚洲综合五月天 | 亚洲综合网国产福利精品一区 | 国内黄色一级精品 | 亚洲午夜久久久精品影院视色 | 中日韩美中文字幕 | 国产美女精品久久久久中文 | 玖玖玖视频在线观看视频6 玖玖视频精品 | 美女大片高清特黄a大片 | 国产美女挤奶水在线观看 | 免费观看成人羞羞视频网站观看 | 色综合久久天天综合绕观看 | 久久精品中文 | 特a级毛片 | 欧美国产成人精品一区二区三区 | 美国免费三片在线观看 | 婷婷色婷婷 | 国产乱码精品一区二区 | 久久久久久久久女黄9999 | 国产日韩欧美一区二区三区综合 | 二区在线视频 | 免费国产zzzwww色 | 一级黄色片视频 | 国产一区二区三区四区小蝌蚪 | 久久精品免费观看视频 | 欧美日韩亚洲国产千人斩 | 澳门毛片精品一区二区三区 | 欧美一级做a爰片免费 | 久操视频免费看 | 黄色一级片a | 欧美激情片网站 | 国产在线自在拍91精品黑人 | 日本人视频18jizz免费 | 九一国产精品视频 | 国产视频国产 | 五月久久亚洲七七综合中文网 |