Hong Kong Trade Development Council 3, published research report shows that the Chinese mainland production costs without prejudice to its competitiveness, the proportion of the global trade of products continued to increase.
Hong Kong Trade Development Council day entitled "mainland export prices boosted by continuous high pressure and the supply chain competitive advantage: the Chinese and Asian origin of two research reports on the Mainland in recent years respectively manufacturing costs of the causes and effects of the Hong Kong and mainland China and other Asian regions ' competitiveness.
According to the survey reports that more than half of respondents said that in the first half of this year has come across the Pearl River Delta region labour shortage. In order to retain talent, the last six months the PRD wages an average increase of about 17 per cent, plus the employers pay social insurance contributions increase, bringing the total production costs increased 4% to 6%.
The survey also shows that in the Mainland in the production of local businesses, products of local content (that is, to the production cost of RMB clearing) is from a few years ago, the average 30 percent increase from current 49.8 per cent. Therefore, the appreciation of the renminbi is them facing a big challenge.
Hong Kong Trade Development Council and Deputy Chief Economist Qiu Li-Ping said, although the production costs and the appreciation of the renminbi and other challenges, the mainland products in global trade share continued to increase, by 2000 4.7% 12.7 per cent in 2008, shows the Mainland as a production base of competence is not limited to the price. The quality of the products, delivery time, and meet the needs of different order than other flexibility in Asia.
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