China's status as the hottest Japanese media, know

2022-08-01
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Japanese media: the status of China, known as the "world factory", is being shrouded in haze.

the Japanese economy said on December 6, the original title: the surge in China's labor costs forces Japanese enterprises to shrink their production capacity in China. China's status as a manufacturing base known as the "world factory" is being shrouded in haze

Kobe Steel decided to postpone the production increase of aluminum alloy materials used for manufacturing suspension devices. It was originally planned to increase the production capacity by 40% this autumn, but now it is decided to postpone the implementation for one year, and it may be further postponed. The reason is that the growth of China's new car market shows signs of stagnation. On the other hand, in the United States, where new car sales are strong, the same investment of about 7billion yen (about 56.86 million US dollars) in parts can increase production capacity by 80%

as of 2014, the rapidly expanding Chinese smart market has become saturated, and its impact on relevant enterprises has begun to show. Tianjin Shanghai precision machine tools, which produce precision machining equipment for intelligent parts, have an average monthly production capacity of 1500 units in China. This spring, the average monthly production was about 800 units, but now there are only 300 to 40 aluminum alloy window supports qb/t 3887 ⑴ 9990 units

due to the rising labor cost, the scale of graphene anticorrosive coating produced in China as a new product has also shrunk. Adastria, a casual wear manufacturer, will reduce its production share in China from 90% to 70% in the next five years. On the contrary, the proportion of production in Vietnam and other Southeast Asian countries will increase from 10% to 30%. Although the transportation cost to Japan has increased, it is said that the compression of labor cost has reduced the overall cost by 10%

the investment amount is in the range of millions of euros. In the past, 90% of the production capacity of Japan's largest garment enterprise, fast retailing group, was in China, but it has dropped to 60% to 70%

China's labor cost is rising at a rate of 10% per year. According to the data of Japan Trade Promotion Agency, the average wage of workers in Beijing and Shanghai has reached $566 and $474 respectively. Although it is much lower than Japan's $2000, it has changed from the perspective of unit labor cost

smbc Nikko Securities' calculation shows that the number of LCD experiment cycles in 1995, the unit labor cost settled in US dollars in Japan is more than three times that in China. However, this gap is gradually narrowing. By 2013, China has surpassed Japan. In 2014, China drew closer to Japan

the reason behind this is that Shinzo Abe has pushed the yen to depreciate by about 40% against the RMB since he became Prime Minister for the second time. Hiroshi Watanabe, senior economist at SMBC Nikko Securities, pointed out: "the more high value-added products that require high productivity of workers, the more favorable it will be for Japan."

most people believe that the current labor costs of Japan and China will not be reversed again. Zhuo Xingye, an economist at the first life Economics Research Institute, also believes that even if the appreciation of the yen pushes up Japan's labor costs, it will not have as much impact as China's wage rise

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